CNB 6.54% 57.0¢ carnaby resources limited

Slow train to nowhere Ozo. However, if you like a punt, as the...

  1. 354 Posts.
    lightbulb Created with Sketch. 156
    Slow train to nowhere Ozo.

    However, if you like a punt, as the 11M escrow shares are now slipping in for sale each day, the MC is obviously getting lower and lower. (wonder what happens when no buyers are lined upon at all?)

    Maybe the 11M escrow shares were more of a gift for advisers who did stuff all and when you get someone for nothing...... you know how it goes. (of course there is a chance someone worked really hard for the 11m escrowed and now related shares, but doubt it when you look at the weak BOD and weak management. frankly can't be bothered looking into the hosiery of the 11M related shares, obviously as they are sucking up the few buyers, even the holders of these recently released shares don't value them).

    The MC is so low now, just considering on an avaerage value of a listed shell (with peanuts included presently) plus the 3.7m cash, BMT shares are being purchased below hard cash and shell value, come and get the potential resource for free!!

    Wish someone would propose a TO and spill this useless and half a asleep BOD and management. Might be time to request a copy of board minutes, if they exist.

    Bunch of peanuts letting this resource trend water and doing the absolute minimum. Most exciting thing about BMT is the interest the company is earning on the $3.7M term deposit, at least interest money subsidises the well earnt costs of BOD and management who do stuff all.

    Well lets hope they are smart enough to put 3.7M in a term deposit ???

    M
 
watchlist Created with Sketch. Add CNB (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.