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4.55%

52.5¢ carnaby resources limited

MRE guesstimate, page-168

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egosbar

3,148 Posts.

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30/12/23

06:44

Post #: 71665471
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Originally posted by dingo0: ↑

Hi dogsy. I'm a bit confused by your question, as from your posting history you seem to be aware that DCX has 17.5% ownership of a number Greater Duchess tenements (dating back to the agreement in March 2019).

In any case, the facts are that in relation to this agreement there appears to be an open dispute as to whether DCX has right to 17.5% ownership on expired mining leases ML 5400 and ML 90015 (which includes the Lady Fanny discovery). Why DCX took over a year and a half after the Lady Fanny discovery announcement to raise this matter is beyond me - as in that period CNB had clearly been stating their claim to 100% ownership over these expired mining leases. Even if DCX was successful in this dispute, I think it would only have a marginal impact on CNB (its value and resources). To be honest, with DCX having a market cap of only 6.6m, CNB has the means to clean up this situation pretty quickly if it wanted to.

I cannot comment on what this means re financial institutions. Though I have not seen this raised as an issue on this forum since buying in 3 years ago.

Cheers,
Dingo.

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has this dispute been finalised?
does cnb own 100% of ML5400 and ML90015 or do we own 82.5%%

CNB Price at posting: 79.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 52.5¢		Change -0.025(4.55%)		Mkt cap ! $91.98M

Open	High	Low	Value	Volume
54.0¢	54.0¢	52.5¢	$46.36K	87.88K

Buyers (Bids)

No.	Vol.	Price($)
2	17172	52.5¢

Sellers (Offers)

Price($)	Vol.	No.
54.0¢	9978	7

View Market Depth

No.	Vol.	Price($)
2	17288	0.525
3	30973	0.520
2	5530	0.515
3	7500	0.510
1	1500	0.505

Price($)	Vol.	No.
0.540	9978	7
0.545	13171	2
0.550	22907	3
0.555	600	1
0.570	500	1

Last trade - 11.23am 25/07/2024 (20 minute delay)

CNB (ASX) Chart

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