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.
CNL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
