CNO conto resources limited
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I agree Aksier. Using the 15% share dilution rule CNO wouldn't...

  1. munchy360
    2,993 Posts.
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    19/09/13
    15:22
    Post #: 12348608
    I agree Aksier. Using the 15% share dilution rule CNO wouldn't get much at these levels.

    Mark being the largest shareholder has the most to lose with a share dilution.

    I'd like to see Mark somehow arrange a loan facility from some of his old banking buddies for drilling rather then dilute out my holdings. I know that is wishful thinking.

    Todays action above 6.5c resistance bodes well for a move to 9.5c short term

    CNO Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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