THIS IS MERELY A REPOST from the CariKaya Challenge Thread, to...

THIS IS MERELY A REPOST from the CariKaya Challenge Thread, to make it more convenient for myself to have this info in one thread... (Please ignore if you ave read it)

Just got home a saw a thread with my name in it



I must admit I do love my research, especially on CNB, but only wish I could half understand or have half the knowledge of guys like mustpow, Imme, Elite and yourself... Over the coming years of investing and further developing my knowledge, hopefully this will one day be possible...

And thanks for playing on my OCD But actually, now that I think of it (well you thought of it first), it has aroused my curiosity and an interesting angle to look at it...

Looking at Beadell first:



The Management of CNB comprises of highly experienced team within the mining exploration industry with a resume of great successes. Both Peter Bowler and Rob Watkins originate from the Management Teams of the highly successful mining companies Beadell Resources and Agincourt
Resources, under whose his leadership the companies grew to a peak market capitalisation of approximately A$800M and A$500M respectively.

Beadell Resources Limited was a gold development company. The Company's primary asset was the Tucano gold project located in Brazil. Beadell also has an extensive portfolio of gold exploration tenements throughout Australia and Brazil including the prospective Tropicana East
Project located adjacent to the Tropicana gold deposit The first full year of operations at the Tucano gold mine in Brazil was an outstanding success
for Beadell Resources. Full year production of 182,000 ounces resulted in revenue of $250m and net profit was $114m, translating to earnings per share of 15 cents. In 2012, BDR's share price reached a peak of $1.08.

Hmmmm, I ponder what a $114 M net profit would do to CNB's share price

Peter Bowler served as Managing Director from the company's founding date of 03/05/2007 until his resignation on 10/11/2015 . Rob Watkins also filled his role as Executive Director between 03/05/2007 and 10/11/2015.

Beadell Resources started as a tiny $15 Mil IPO in 2007, and under Peter and Robs successful leadership, reached its peak MC of 800 Mil … WOW!!! Almost 1$ Billion!!

Want to know how the BEADELL story ended? It was successfully acquired by Canadian silver miner Great Panther Silver Limited (NYSE:GPL) in February, 2019. The exchange ratio implied consideration of 8.6 cents per Beadell share, giving an equity value for Beadell of around $144
million.

Let's have a look at some dates...

BDR IPO-ed on 27 September 2007 with a MC of 15 Million...

CNB first listed on the ASX (formerly BMT) on 30/08/2016. But let's just look at since BMT(ASX) changed to CNB(ASX) as of 13 May 2019 at a SP of 7.8 cents and a MC of $7.5 Mil.



Ok, so some important dates and MC of Beadell and the potential for CNB...

13 April, 2010 : Reached a MC of $100 Mil (ONLY 2.5 years after its IPO) - If Rob can pull off the same success, this would mean that, 2.5 years after the "start" of CNB on 13 May 2019, so roughly Sept / Oct 2022, if they could reach a 100 MC, CNB share price would be hovering around the 90 CENT mark!!

23 September, 2010: Only 5 months later, Reached a MC of around $250 Mil !! Again, if our competent Rob + Team can pull off the same success, this would equate to a CNB share price of around $2.20!!

01 December, 2010: Only 2 months later, reached a MC of around $450 Mil due to its Tropicana Discovery... (Similar to our upcoming Strelley Discovery ) - Again, if our competent Rob + Team can pull off the same success, this would equate to a CNB share price of around $3.90!!

Then a bit of consolidating around the $550 MC 2011 ... Ohh, this would be so painful if we had to endure an excruciating consolidation period around MC 550 Million ($4.50 - $4.80)!! I mean, thats only 16 Bags from current prices hehehe..

24 August, 2012: Reached a MC of almost $600 Mil due to its spectacular drill results at Duckhead. At a $600 Mil MC, this would CNB share price $5.10

The Peak came in 17 December, 2012 : Only 4 months later... MC $800!!! This would make CNB roughly ALMOST $7.00, WHICH IS A NICE 23 BAGS from todays price



Considering where we are now based on the Beadell timeline of Rob's successes, I can only imagine what our CNB chart will look like in the times ahead "Spectacular Gold Results at Strelley", "Divestment / Mining of Tick Hill", "Massive Copper Deposit at Duchess", "Bonanza Find at Malmac", "Padroo / Goldsworth similar DEG HEMI Style deposti Discovered" ....

The upside potential from here is massive!!!

AND could quite possibly EXCEED Rob's and Peter's successes as above? Why, you might ask? Quite simple actually... After their successes with Beadell and Agincourt, one would assume that they have learnt many valuable lessons along the way... So I believe that they could make CNB even bigger and greater

Ok, what about Argincourt?

Peter served as founding Managing Director of Agincourt Resources Limited from 2003 to 2007 and Rob as Exploration Manager during the same period.

Agincourt Resources Limited was a gold mining exploration company whose primary exploration project is the Wiluna Gold Mine in Western Australia, a 110,000 ounce per year producer, and had a 57 percent stake in uranium group Nova Energy Ltd. NEL.AX. Agincourt Resources (AGC) drilled for diamonds in Brazil, mined gold in Western Australia and spun off uranium company Nova Energy (NEL) of which Agincourt owned 57 per cent.

The company's core operation was the Wiluna gold mine, located about 1,000km northeast of Perth. The mine employed around 250 people and produces around 120,000ounces of gold per annum.

WOWWW... Could CNB repeat this success and employ 250 people in Strelley and help their local economy thrive???

However, the most significant development happened after year end when Agincourt completed a company transforming transaction by acquiring the Martabe Gold and Silver Project in Indonesia for $US80 million ($107 million) from Newmont Mining (NEM). Agincourt managing director Peter Bowler said the project had initial resources of 5.3 million ounces of gold. But investors were unimpressed and Agincourt shares plunged 28 per cent to $1.20 on the day the deal was announced.

Shareholders have two concerns. First, the transaction was funded by a $100 million institutional placement at $1.15 a share - a 23 per cent discount to the 30-day volume-weighted average price for the stock of $1.49. Bowler said it was important to complete the acquisition irrespective of volatility within the equity markets at the time. The second concern was why Newmont sold the project if it was as good as Agincourt claimed. Bowler said Newmont found it expensive to run compared with its other projects. Agincourt redesigned the plant to produce about 270,000 ounces of gold each year and the management team (Peter + Rob) were convinced it will transform the company (Just like they are saying Strelley and TH will TRANFORM CNB)!!

The SP ended up SOARING to over $2.00 !! - The following chart says it all




Agincourt was bought out in April 2007 by Oxiana Limited. The acquisition brought Oxiana the Martabe gold project in Indonesia, the Wiluna Gold Mine, a 57% interest in Nova Energy Limited, a listed uranium explorer, and numerous exploration properties. Oxiana offered 0.65 of its shares for every Agincourt share, a deal worth $415 million!!!

If you are interested in reading about how Agincourt started, this should explain it all: https://www.asx.com.au/asxpdf/20031020/pdf/3jf54q16df3fb.pdf

Wow, Rob and Peter have already proven their capabilities of success, TWICE!!! (Significant gold discoveries + Acquisitions + Exploration + Bonanza Gold Grades)!!! And what do they say about the THIRD time???

And drawing upon previous timelines and successes, if you want to use this as a matrix (Just look at where CNB is roughly on the charts above), I would be ASSUMING that, if they followed their previous timelines (hahaha), that we would be VERY close (Months away) to some MAJOR COMPANY TRANSFORMING DEVELOPMENTS !! - Strelley posibly???

• Strelley: “a tremendous opportunity for the Company to explore in Australia’s newest developing gold province”. (With now 442 km2 of exciting land with the addition of new tenements, ie Padroo + Goldsworthy)
• Tick Hill: “we will continue to search for the offset or repetition of the Tick Hill orebody. Tick Hill produced 511,000 gold ounces at 22 g/t down to only 235 m below surface and remains a company transforming target which will be pursued in the coming year”.

And lets not forget about the massive potential of Duchess (Gold + Copper) AND Malmac + Throssel


Why didn't I buy EVEN MORE at 23-24 cents

Gottalove, I will NEVER forgive you for making me do this extra research... The more I research about CNB's potential, the more I want to buy!!

Cari gotta buy more before it really takes off (Price of posting 30 c)

*Please let me know if I missed something... This is just a very short summary.