CNB 2.56% 38.0¢ carnaby resources limited

Has the very issue of a maiden MRE for the Greater Duchess...

  1. 9,546 Posts.
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    Has the very issue of a maiden MRE for the Greater Duchess project opened CNB to a new class of investor?

    the issue of the MRE didn't seem to meet the expectations of most existing holders at the time. Sales Volumes were sharply higher for a week after the MRE's issue. Disappointed punters, weak hands, left the building.

    have a different class of investors now started to assess CNB with an extra asset, ie an MRE.

    the inferred and indicated estimate for Mount Hope, while not presented as the tier 1 asset so many of us want, certainly looks the goods for punters to start thinking in terms of CNB's potential as a smallish copper producer a few years down the track.

    @Klotho's V-shaped recovery analysis would seem to have some merit.

    @GeoGiji always insisted an MRE was an asset, and that's the way its looking.

    (oh, one last thing: is schadenfreude a suitable term for some people's reaction to a prediction by a formerly v. Noisy punter that the SP wouldn't hit 70c any time soon? Noo noo noo, we're all bigger than that.)
 
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