I have a large holding in cnb too. But I can also make plenty of stocks that don’t go back to the cap raise (ffx just one example). Cnb is more than the market got used to hearing fast tracked news and big headlines. Now drilling has been quiet for a week or two and everyone panics. It’s also thinly traders so drops easily. I don’t think it has anything to do with the cap raise price. It went to 2.20 after the cap raise
may is potentially a monster and is right in the thick of it de value accretive announcements. A 3% dilution won’t control the valuation at this point of this discover.
Block 9 $13.5 Billion for 20 years, page-139
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Last
2.2¢ |
Change
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Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.2¢ | $19.51K | 850.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 4933757 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 3529611 | 15 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |