Australia's largest stock trading and investment forum Australia's #1 stock forum

CNB

Click for more information

1.92%

53.0¢ carnaby resources limited

MRE guesstimate, page-168

First 168 Last

Share
Profile

Follow
egosbar

3,147 Posts.

764

30/12/23

06:44

Post #: 71665471
Share

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.

Expand

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
Upvote

0 Great analysis

Reply

Top Stories

ARU

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

DTM

Dart on-target for high-grade structures and multiple reefs at VIC's Rushworth

M4M

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

ITM

iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

There are more pages in this discussion • 2 more messages in this thread...

First 168 Last

Add CNB (ASX) to my watchlist

(20min delay)
Last 53.0¢		Change 0.010(1.92%)		Mkt cap ! $90.26M

Open	High	Low	Value	Volume
52.5¢	53.0¢	51.5¢	$115.6K	221.5K

Buyers (Bids)

No.	Vol.	Price($)
1	498	53.0¢

Sellers (Offers)

Price($)	Vol.	No.
53.5¢	500	1

View Market Depth

No.	Vol.	Price($)
1	498	0.530
1	4991	0.525
1	19161	0.515
3	7482	0.510
1	10000	0.505

Price($)	Vol.	No.
0.535	500	1
0.550	6265	2
0.555	600	1
0.570	500	1
0.575	849	1

Last trade - 16.10pm 23/07/2024 (20 minute delay)

CNB (ASX) Chart

SPONSORED BY