CAE 0.00% 5.8¢ cannindah resources limited

Ann: Exceptional Width and Grade at Hole 10, page-36

  1. 26,328 Posts.
    lightbulb Created with Sketch. 317
    thanks for your sympathies, appreciate it ! the company will be waiting to get more updates out and a much higher shareprice before raising again (as you mentioned, at a premium to market price).

    the last 2 day raises have been done at 31 & 33 - would expect something at a similiar level, give or take 10% either way.

    going back to the jorc calculations, if they double the resource size for example, that equates to approx. $1.8 billion in value in ground. knowing how the majors work and with a team of analysts they have at their disposal, don't be surprised if one of them is not seriously considering taking a stake in CAE at current/slightly higher levels, especially with that sort of valuation.
 
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