CNB 1.75% 56.0¢ carnaby resources limited

Ann: Tick Hill Gold Project PFS Results and Maiden Ore Reserve, page-87

  1. 798 Posts.
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    Here's the thing Rob, if they do a cap raise to continue the drilling program there wont be much dilution as they wouldn't have to actually raise that much money, they would only have to raise enough to get by which would possibly be under 1 mill. The risk vs reward is heavily weighing to one side. I wouldn't call it 'smart money' id call it 'big money' and to be honest there wouldn't be much invested in this stock yet as we are close to a 10m MC only, to be honest the smart money is most likely all us holders as we are the first ones to be in this stock if we hit something in the ground then the big money will come pouring in making us the really smart money!
 
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