CNB 3.49% 41.5¢ carnaby resources limited

Ann: Step Out Drilling Hits SW Extension of Nil Desperandum, page-190

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  1. 254 Posts.
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    So the simple lesson here is to not buy based on hype from others in social media and forums. Buy based on research and personal understanding of fundamentals, unless you are looking for a swing trade.

    Luckily, which if you do some reading over company presentations, announcements, and historical price action, CNB still has plenty of upside. As has been pointed out many times the company SP rose around 600% in value in a very short period of time. A pull back is not unexpected. The results and announcements being issued since the 1.80s level have been more based around potential resource extension information rather than resource discovery information. Due to this, you may not see amazing reactions from the market namely those who are looking for company-making announcements one after the other. CNB is not a short term play, but is certainly one with huge potential for the medium to long term.

    DYOR, and trust your own understanding.
 
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