Ann: High Grade Discovery 4m @ 7.0% Cu - Exploration Update, page-123

Yes well it seems I should eat my words perhaps, and sit tight with my 57c package - at least for now.

Looking at CNB you would think that the copper price has crashed, or that CNB is in Lithium or Nickel. Or that a major announcement was released undermining its fundamentals. Of course none of these things have happened. (and I don't really buy into the argument of HMX discussions being the trigger - that was always a possibility and it is far from a done deal by the looks of it)

CNB have enough cash to ride this out for a few months at least. So it begs the question - are Regal going to hold the price in the 40s (lets say) until the next raise? Or is a lowball takeover offer going to appear in the meantime? Or is this just one massive treeshake?

Anybody's guess.

Cheers,
Dingo.