Ann: Chaketma Metallurgy Preliminary Results , page-4

What's happening with CNL's share price is no different to any other junior: A mix of tax-loss selling and a dismal economy, particularly falling house prices, which have combined to send punters into hibernation.
However all is not lost.
US corn prices have rocketed higher, so i guess rising phosphate prices can't be too far behind.
Moreover, CNL has a potential mega phosphate deposit which is close to its markets unlike its Australian counterparts.
On top of that i would not be surprised if some big chemical company puts its hand up for all the phosphate CNL can ever mine.