The takeaways from it were that all outstanding drill results have been received and reported to tue market.
The drill rig is currently offsite being serviced at the moment and not expected to return until early
September.
Will be interesting to see what the cash burn for the current quarter will be. I think it’s safe to assume they will need to raise prior to year end.
As a result I think this is weighing on the share price.
My guess is that it will happen in the next 4-6 weeks.
I like the company, the project and the Ni thematic, however I’ve decided to sit on the sidelines for now as I want to see the terms of the next funding round.
CNR Price at posting:
34.5¢ Sentiment: None Disclosure: Not Held
