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2.22% 4.6¢ cannindah resources limited

Ann: Encouraging Field Exploration Results at Mou, page-5

  1. vontrader
    23,919 Posts.
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    22/08/12
    12:15
    Post #: 10605207
    re: Ann: Encouraging Field Exploration Result... vin123 we are still cash backed at 3.3c

    shell value of $500 - $1M would put us at a comfortable 4c possibly more alone

    this is without factoring in Jien Mining soaking up stock for some reason AND our 2 projects we currently have on.

    remember one of our JV partners is spending over $6M to earn up to 75%, leaving us a 25% free carry

    low burn rate, smart management and tight register

    market cap only $1.7M :)

    great value at current levels IMO
    CAE Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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