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44.5¢ cannon resources limited

Cannon remains in the safe hands of Alex Passmore and Chris...

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m0ngy

10,075 Posts.

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06/09/22

21:03

Post #: 63552559
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Originally posted by FreeflyerNZ: ↑

He did a great job for Canon no doubt.

But this leaves CNR shareholders in no-mans land.

Drill rig was meant to return early september, we now have no drill program - not that we had any information on what this program would consist of..

CNR will be treading water. Looking for a new CEO, maybe drill at some point? And has little funds in the bank. Infill drilling wont excite the market. Deeper holes are going to eat funds. So they will be raising at some point.

I too have a tiny amount left after selling nearly all my holding over the last few weeks.

Still like the projects and I'm keen to get back in, but the market certainly doesn't like delays or uncertainty, no matter how good the resource is..

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Cannon remains in the safe hands of Alex Passmore and Chris Hunt.
CNR will not be treading water with them at the helm.

CNR Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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