CPN 2.53% 8.1¢ caspin resources limited

I hold both CHN and CPN. At this stage CHN, I believe holds more...

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    I hold both CHN and CPN. At this stage CHN, I believe holds more promise.

    However, I did top my holding of CPN as they only have 74 million shares on issue. If CPN was to get lucky and it reached a MC of $1b , then each share based on the 74m on issue would be over $13. But our next Cr will occur before we get to that point, and I think the next CR will issue between 30-40m shares. A lot will depend on drill success at Yarawinda. Average results from Yarawinda will not be kind to the share price, Imo. We should have some early results from Yarawinda, in the next two weeks. Good results from Yarawinda, will make the next CR easy and the share price higher.

    I like the WM project more than Yarawinda, but alas we are still in infancy stages on that project. Success at Yarawinda, could allow a big CR and that will accelerate the progress for our two projects.

 
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8.0¢ 8.2¢ 8.0¢ $6.636K 81.22K

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Last trade - 16.10pm 27/05/2024 (20 minute delay) ?
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