CNB 5.76% 65.5¢ carnaby resources limited

the usual pattern of the sp unable to hold on to early gains...

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    the usual pattern of the sp unable to hold on to early gains continues.
    one criticism after the use of 'booming' previously is the need to suggest 30% improvement over pXRF readings... that just sets the sp up for disappointment if it doesn't come through.

    my feeling is that this will re-rate to a healthy MC early next year when the resource size is established - until then the market probably is just unable to get excited and hold the gains. must be something to do with the 1-2% grades despite a near 100% success rate on every target they have identified.
 
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