I fear that at the current spending there is 4 quarters of cash on hand left, as describe in the Quarterly Report.
The BOD now has a hard decision to either keep drilling and hope for the best or slow down drilling and look for an alternative project/JV partner/or divestment
The next 12 months looks very grim over all markets for a capital raise. CNB would not want to be in this position in 12 months time.
For current shareholders it is time to either hold fast or divest ? Unfortunately logic is lost when panic selling starts.
I fear that at the current spending there is 4 quarters of cash...
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Last
68.0¢ |
Change
0.025(3.82%) |
Mkt cap ! $110.7M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 68.0¢ | 65.0¢ | $63.29K | 95.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1626 | 67.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.0¢ | 13431 | 2 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
67.5¢ |
Change
0.025 ( 3.61 %) |
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| Open | High | Low | Volume | ||
| 66.0¢ | 67.5¢ | 66.0¢ | 23243 | ||
| Last updated 15.56pm 06/05/2024 ? | |||||
| CNB (ASX) Chart |