I don't see Carnaby bailing HMX out and given them an amazing deal, if anything Carnaby you would think get the better deal. Might not look like it in the short term, but Carnaby win this deal big time. They're the number one exploration company on the market by a mile and have the biggest discovery atm in Australia.
CPM are an early Carnaby with a lot of potential.
HMX are starting to get diluted and running out of money/interest from other institutions/investors.
I really hope they all do well, however HMX have been stagnant for a few years and they leak big time which I don't like and see desperation.
Ann: Excellent IP result at Brumby Ridge and $3.5m placement, page-17
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