Well it’s like this, CNB shares hit a high of $1.68 earlier in the year, current price is half of that. CNB also raised capital at $1.22 and hold considerable cash in bank, a price 50% higher than 0.85. The initial mineral resource is about to be announced and CNB has large players wanting to expand their copper exposure. What is not to like ? The market is providing an excellent entry price. If shares return to yearly high that is 100% on current investment a return that in my opinion would be satisfactory.
Ann: Date of AGM and Closing Date for Director Nominations, page-8
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Last
56.0¢ |
Change
0.065(13.1%) |
Mkt cap ! $96.28M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 58.0¢ | 50.0¢ | $363.5K | 677.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 30245 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 25395 | 4 |
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| CNB (ASX) Chart |