CNB 0.00% 36.5¢ carnaby resources limited

Ann: Carnaby Successfully Completes A$20M Placement, page-53

  1. 1,268 Posts.
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    cash is king. There will be a lot of junior explorers run out of cash, in next few months. Banks will not lend to them and new equity will totally destroy existing shareholder value.

    CNB has $31.8 mill, fantastic drill results and plenty of hot targets to drill.
 
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