You guys do realise they are only one year into a two year technical program right? Don't expect any actual drilling for at least a year, possibly two if they have to take up the extension.
It looks like the AVO study is due this month, then the Year 2 work program begins. Once that's done they still have to apply to convert into license contracts and I assume they will need enviro approvals etc. before they can drill.
Currently $4m in the bank, may go another quarter or two before a raise? There will be a farm out at some point also, which should assist with the cash position.
I've been watching this since Scott Mac came on board and I know he's pretty keen on the prospects here. I'll continue to watch and potentially start buying during the quiet times (like this).
- Forums
- ASX - By Stock
- CND
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CND (ASX) to my watchlist
|
|||||
Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.69M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 432651 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 224392 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 432651 | 0.027 |
4 | 1670000 | 0.026 |
3 | 1070000 | 0.025 |
1 | 2000000 | 0.024 |
2 | 213333 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 224392 | 2 |
0.029 | 103448 | 1 |
0.030 | 136000 | 2 |
0.032 | 199000 | 1 |
0.034 | 62000 | 1 |
Last trade - 16.12pm 06/09/2024 (20 minute delay) ? |
Featured News
CND (ASX) Chart |
Day chart unavailable