Ann: Trading Halt, page-147

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08/09/20

17:58

Post #: 47182764
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Originally posted by Fyfee: ↑

Hi all,

Good reference regarding mgv @wolfofbridgest

Im very happy with the situation. In fact, i couldnt be happier.

Also worth noting that the mgv raising that WOB refers to was done at 10.5 c, ( when there mkt cap was $45 m ) ,,,,and ,,,the funds were used to drill their key target in Cue.

Now if my grapevine, is on the money, that is exactly what we will be doing, immediately, with the incoming funds from this raise. Really, i see this as just bridging money, that expedites our game, as we wait for the rest of the millions coming in from the sale of the tailings which will probably land over the next 3 to 4 months. But also, and obviously, the $15 to $20 m we will generate by, toll treating or selling, the Tick Hill open pit due to start in q4. This cap raise just gets things happening NOW.

So, getting back to the comparison of the mgv raise, dated april 27, that they used to fund drilling........
Can anyone see the similarities ?

They had a mkt cap of $45 mill at the time of the raise
19 weeks later, they have a mkt cap of $270 mill

So, yes, i acknowledge , that we still have to find the good oil on the drill bit, but, there is a very clear example of the upside that this raising might lead us toward..... and QUICKLY.

Also noting, we have 2 significant targets that we are about to hit, not 1, like mgv did.

Expand

Fyfee

Spot on - the only thing I would add is that CNB actually will have FOUR walk up targets to drill the...

Strelley & Mount Grant in the Mallina basin - first and foremost

Tick Hill - historical 70m deep pit extension grading 18g/t

Tick Hill - looking to find that high grade fault body - the hole drilled in Dec'19 provides a great starting point

Tick Hill - drill that shallow, high grade copper deposit at Mount Birnie

These guys are doers, not dreamers and share holders will be the beneficiaries.

Directors will have sunk $850k of their own hard earned cash into the Company after this latest cap raising.

All good - plenty of news flow to come during the next weeks and months ... and we are now on the radar of the insto's !!
CNB Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 38.0¢		Change 0.000(0.00%)		Mkt cap ! $65.33M

Open	High	Low	Value	Volume
38.0¢	38.0¢	38.0¢	$1.9K	5K

Buyers (Bids)

No.	Vol.	Price($)
4	60444	38.0¢

Sellers (Offers)

Price($)	Vol.	No.
39.0¢	100442	4

View Market Depth

No.	Vol.	Price($)
5	50445	0.380
2	19503	0.375
3	74540	0.370
1	5000	0.365
3	35000	0.360

Price($)	Vol.	No.
0.385	2288	1
0.390	97961	3
0.395	52631	1
0.400	90000	1
0.410	103298	3

Last trade - 10.02am 14/10/2024 (20 minute delay)

CNB (ASX) Chart

Ann: Trading Halt, page-147

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Ann: Trading Halt, page-147

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