CNB 3.88% 53.5¢ carnaby resources limited

Ann: Quality Results at Mt Birnie, Sulphides Hit Nil Desperandum, page-115

  1. 4,943 Posts.
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    Now I'm no chartist but it looks to me that there is support around 30/32c going back as far as last Sep. The GP is gyrating between $1760/1790 at the moment, however it may settle in the next week or so and I suspect it will be on the higher side. Most Goldies hedge a good portion so it may not affect their profits much at this stage.

    Copper has come off the boil, but is still way higher than a year ago and new supply will be slow to come onto the market.

    None of us know what the CNB SP will do in the short term, except for immetoday and perhaps cheesy kidding here guys, but most of us are confident of a substantial upside in the mid/longer term.

    Saturday morning ramblings and have a great weekend all...
    Last edited by Klotho: 19/06/21
 
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