Hi Immetoday,While I appreciate having both sides of view...

First 73 Last

Share
Profile

Follow
Shar29

41 Posts.

11

26/09/24

08:31

Post #: 75843460
Share

Originally posted by Immetoday: ↑

The same place I came up with the CNB will drop at least 50% when it was $1.

Where did you and the cheer squad come up with the valuation of “this is about to take off like a rocket ship” when it was $1?

Be really clear Goku……covid $’s pushed this up due to an uneducated group of trading wannabes thinking they were Warren Buffett. Some smart ones jumped ship and took profits when they realised the company was well overvalued…….then there were those who held shares and continued to buy more to catch a falling knife.

only a couple spoke the truth about this share, the majority were shut down with insults and let’s face it, straight out aggression for speaking the now proven truth. geez, some even sunk to the lowest of the low and started using gender slurs in a bid to get rid of people so they didn’t need to face their own investing mistakes - it’s a sad world that people like that exist. I feel sorry for people who are exposed to them in person. I can’t help but imagine how disappointed their mothers would be if they knew how they spoke to women.

Back to the story you want - valuation based on a couple good holes, mediocre others and many very deep. Not many $’s left to drill so def a CR coming which will likely occur $1 less than the previous one - 5 x dilution compared to previous. No cash to fund plant which is going up by the day……and let’s face it, getting partners in the current global economy isn’t going to be easy.
These guys are explorers with copper that has more dirt between it than many.

At these levels it’s a risky investment……..for those that bought higher it’s a poor investment

Expand

Hi Immetoday,

While I appreciate having both sides of view expressed on this forum, I am not sure why you would think we need a cash raise any time in the near future? According to the Annual Report we still had $10 million dollars in the kitty for exploring and that is a lot more than most explorers.

CNB Price at posting: 37.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

What's causing the cost-of-living crisis, and how to navigate it

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins