I think $CNB will get creamed tomorrow as I knew straight away that describing a copper discovery as "spectacular" in the absence of grades & assays was fraught with regulatory risk. Anybody who has dealt with listed company disclosures & ASX could see from a mile off that this announcement was a pure ramp. Maybe the new cosec should step down? Perhaps they want to raise capital and wanted to pump the price? I don't know what the hell $CNB management was thinking to be honest (and as many of you know, I am in contention of being awarded the prize for being CNB's number 1 fan - but I am very discerning when it comes to the quality of $CNB's disclosures & think we deserve better). Anywho, hopefully this minor setback will flush out the day traders and we can get back to business and proving up a terrific JORC copper resource in 2022.
GLTAL.
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- Ann: Re-release of ASX Announcement dated 17 December 2021
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