Ann: Trading Halt, page-146

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wolfofbridgest

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08/09/20

17:19

Post #: 47181661
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Originally posted by Fyfee: ↑

Hi all,

Good reference regarding mgv @wolfofbridgest

Im very happy with the situation. In fact, i couldnt be happier.

Also worth noting that the mgv raising that WOB refers to was done at 10.5 c, ( when there mkt cap was $45 m ) ,,,,and ,,,the funds were used to drill their key target in Cue.

Now if my grapevine, is on the money, that is exactly what we will be doing, immediately, with the incoming funds from this raise. Really, i see this as just bridging money, that expedites our game, as we wait for the rest of the millions coming in from the sale of the tailings which will probably land over the next 3 to 4 months. But also, and obviously, the $15 to $20 m we will generate by, toll treating or selling, the Tick Hill open pit due to start in q4. This cap raise just gets things happening NOW.

So, getting back to the comparison of the mgv raise, dated april 27, that they used to fund drilling........
Can anyone see the similarities ?

They had a mkt cap of $45 mill at the time of the raise
19 weeks later, they have a mkt cap of $270 mill

So, yes, i acknowledge , that we still have to find the good oil on the drill bit, but, there is a very clear example of the upside that this raising might lead us toward..... and QUICKLY.

Also noting, we have 2 significant targets that we are about to hit, not 1, like mgv did.

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Exactly what I was alluding to! Thank you and great post. I did very well out of MGV but prefer CNB for all the reasons already mentioned.

CNB Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 36.0¢		Change -0.005(1.37%)		Mkt cap ! $61.89M

Open	High	Low	Value	Volume
36.5¢	36.5¢	35.5¢	$35.48K	98.14K

Buyers (Bids)

No.	Vol.	Price($)
2	21702	36.0¢

Sellers (Offers)

Price($)	Vol.	No.
36.5¢	2947	6

View Market Depth

No.	Vol.	Price($)
2	21702	0.360
5	129874	0.355
12	121144	0.350
3	51753	0.345
3	66753	0.340

Price($)	Vol.	No.
0.365	2577	4
0.370	17057	2
0.380	26450	4
0.385	3419	2
0.390	6253	2

Last trade - 11.20am 18/11/2024 (20 minute delay)

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Ann: Trading Halt, page-146

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Ann: Trading Halt, page-146

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