Completely agree. The raise at $1.30 has put CNB in a much better position than many others, even though we all complained about the price at the time...
They aren't trying to go at crazy speed at Duchess with a larger number of drill rigs either, which allows them more time and more cash to go about their work methodically.
These guys have already built businesses that got to $700m market caps – they know what they are doing. In my conversations with the company it really stands out how they have a medium-term plan for the district, drawing on nearby infrastructure if they need it to get cash flow from Lady Fanny that could fund further exploration of the corridor.
The highest share price of earlier this year definitely ran ahead of itself but I think it's good buying at the current levels.
Completely agree. The raise at $1.30 has put CNB in a much...
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Last
52.0¢ |
Change
-0.005(0.95%) |
Mkt cap ! $89.40M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 53.5¢ | 51.5¢ | $65.86K | 125.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1533 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 35000 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| CNB (ASX) Chart |