Yep I remember the early days of CHN. There were plenty on naysayers when the share price hit around the $1.50 mark. Too they yelled, but the MC was still low due to the low number of shares on issue. CPN has the same problem, the newbies only look at the share and don't take into account the MC. This company has only around 60m shares on issue. Some small specs have between 1-4 billion shares on issues. I try to avoid companies with more than 2 billion on issue. I am in LTR and they 1.8b on issue. At $4.00 CPN MC is only $240m. So good drilling results could take this share past $5 in no time, IMO.
CPN Price at posting:
$1.32 Sentiment: Buy Disclosure: Held
