Hi Brunette, I still believe a realistic valuation of CNB's assets is about $1.25. They do have an option over some land which could be quite valuable but it is many years away from being developed and needs Gov't approval and a water supply before they can exercise the option.
My personal view is that it won't go much higher than here in the medium-term and that there are better investments out there which you could put your money to work on.
I hope this helps.
brunette
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Last
53.5¢ |
Change
0.015(2.88%) |
Mkt cap ! $91.98M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 53.5¢ | 51.0¢ | $65.85K | 126.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27321 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 849 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CNB (ASX) Chart |