CDV 0.00% $1.08 cardinal resources limited

14-21 days, page-9

  1. 13,333 Posts.
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    Fx;

    I didn't mean long term target but a short term exit target. Market has been very bullish & foolish now a days for the junior explorer who can bring out great results. From past experience from KDR, BUX (limited numbers of shares)SP rocket up to 60-70c and other companies that had 300-400 Millions shares on issue but good VTEM Survey/drilling results had pushed their SP to 15-20c. Hence, having only 55 Millions shares on issue now, I can assume that any good drilling results can make CDV trade in a range of 20-70c. However, this could only last for first couple of days and then SP will slowly come down until further results are released.

    Hard to predict for long term MC for junior explorer.

    Saying this, it's just my assumption and opinions. Only some facts from the company will decide future for holders and the board.

    cheers
    JS
 
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Currently unlisted public company.

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