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CNB and why it is STILL undervalued!!, page-1353

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Klotho

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25/06/21

07:56

Post #: 54059090
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Originally posted by Skene1988 ↑

I'm neither a Geo nor a professional / sophisticated investor.

12 - 18 months ago I looked at numerous explorers to move some profits from another company into.

When buying an explorer I was essentially buying a "mystery gift box" like the kind you buy at markets for children.

I wasn't going in blind, I had done the best research I could to determine which "vendor" (company) had the best and most likely potential prize. I settled on two: CNB and HMX. At the time the CNB vendor essentially said to me "for 7c you can buy this box which contains 5 or 6 other boxes which in turn may or may not contain gold and copper. Oh, and there is one smaller box here that we know contains a little gold but we think there might be even more gold in it too."

Since then the asking price went up as high as 40c however the risk was removed: the vendor opened a couple of these boxes and showed me there was indeed cooper and gold in them. He hasn't told me how much. But I'm substantially de-risked at this point. So I've bought more boxes. If other people in the market decide they don't want to buy these boxes, for whatever reason, then the vendor has to reduce the price of those boxes to 35c / 30c / 25c. I still know what's in some of those boxes (though not how much) and I'm still excited by what's in the remaining boxes and so I will continue to buy.

I'm not looking to resell the half opened boxes. I'm waiting to find out what's inside them and take value from there. With every new result, the risk / reward has been getting better for me... the vendor would be right to charge me more. But if the vendor doesn't want to charge me more, then I'll keep buying more at bargain prices.

Not financial advice, simply how I view CNB and why I'm fine if the SP doesn't go flying in the short term.

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Last edited by Klotho: 25/06/21

CNB Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 56.5¢		Change -0.005(0.88%)		Mkt cap ! $97.14M

Open	High	Low	Value	Volume
57.0¢	57.5¢	55.0¢	$235.3K	416.4K

Buyers (Bids)

No.	Vol.	Price($)
1	999	56.5¢

Sellers (Offers)

Price($)	Vol.	No.
57.5¢	9571	1

View Market Depth

No.	Vol.	Price($)
1	999	0.565
1	20164	0.560
1	15000	0.555
1	200	0.550
2	40000	0.540

Price($)	Vol.	No.
0.575	9571	1
0.580	37936	2
0.585	35000	1
0.590	20000	1
0.600	52141	2

Last trade - 16.10pm 12/07/2024 (20 minute delay)

CNB (ASX) Chart

CNB and why it is STILL undervalued!!, page-1353

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

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CNB and why it is STILL undervalued!!, page-1353

Top Stories

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