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67.5¢ carnaby resources limited

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1,669 Posts.

177

20/02/24

13:52

Post #: 72499690
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Originally posted by bellcurve: ↑

@Tomisdc

exactly. the benefits of any merger with HMX and accompanying dilution for CNB holders rests on an assumption the merger creates value.

Given HMX is an exploration company, CNB holders won't know for some time down the track whether any merger does create value.

but what we do know in the short term is substantial immediate dilution for CNB holders, a greater call on CNB funds and the prospect of a substantial CR sooner rather than later given HMX needs to raise funds anyway.

if the value of a merger rests on an assumption that can't be known with great certainty in the short term, why bother?

CNB has momentum, has funding, is moving into development while continuing to drill out a resource, along with any number of further exploration prospects on its own account and in jv with Rio. Do we really need to take on HMX's problems?

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CNB Price at posting: 62.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 67.5¢		Change 0.020(3.05%)		Mkt cap ! $107.4M

Open	High	Low	Value	Volume
65.0¢	68.0¢	65.0¢	$54.48K	82.27K

Buyers (Bids)

No.	Vol.	Price($)
1	3950	68.5¢

Sellers (Offers)

Price($)	Vol.	No.
65.5¢	43	1

View Market Depth

No.	Vol.	Price($)
1	1629	0.675
2	27006	0.660
1	1444	0.655
4	16138	0.650
1	10000	0.645

Price($)	Vol.	No.
0.680	12137	4
0.685	657	1
0.690	20000	2
0.695	50000	2
0.700	1415	1

Last trade - 15.59pm 06/05/2024 (20 minute delay)


Last 67.5¢			Change 0.020 ( 3.61 %)
Open	High		Low	Volume
66.0¢	67.5¢		66.0¢	23243
Last updated 15.56pm 06/05/2024 ?

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