Agree it's getting a bit off around here and we should be focusing on the positive rather than a temporary price dip.
Cheap x-post from another CNB forum on why I personally love the opportunity CNB presents (now updated to reflect a 44c SP):
Assuming all outstanding options get exercised we're looking at a full dilution of 127,719,818 shares. I'll round up to 128m for simplicity sake.
At $100,000,000 that's 78c (+77%)
At $300,000,000 that's $2.34 (+431%)
At $500,000,000 that's $3.90 (+786%)
At $800,000,000 that's $6.25 (+1320%)
At $1b that's $7.81 (+1674%)
At our neighbors $1.5b that's $11.71 (2561%)
Now I'm well aware none of those market caps are guarantied (some far less than others) but the reward vs. risk even at 55c (which is already multiple bags for many of us) is incredible.
As far as I can tell we have two risks:
1.) Price of gold plummets. - TBH I think this is unlikely given our current climate. Depending on who you subscribe to the general feel is it will go up, maybe even way up.
2.) We find no gold. - Again, I think this is extremely unlikely given our top notch management & the tenants we already own (I also observe it was noted at the AGM that the board are aware that one of ours / DEGs neighbors has gone into liquidation, with nearly $10m in the bank I wonder what is being considered) but even so with Tick Hill, our copper mines and the fact we're cashed up I'm sure we would recover just fine.
Parting thought from me: Jim Rickards is picking gold to hit $15,000 / oz by 2025. I personally think that's dangerously bullish but imagine the party we would be having if he ended up being only 1/5 of the way right.
- Forums
- ASX - By Stock
- CNB
- CNB Summary and Why Its So Undervalued
CNB Summary and Why Its So Undervalued, page-2165
-
- There are more pages in this discussion • 1,367 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CNB (ASX) to my watchlist
(20min delay)
|
|||||
Last
38.5¢ |
Change
-0.020(4.94%) |
Mkt cap ! $66.19M |
Open | High | Low | Value | Volume |
41.0¢ | 41.0¢ | 38.0¢ | $63.03K | 163.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11099 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 11000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9999 | 0.385 |
2 | 18942 | 0.380 |
1 | 20000 | 0.375 |
3 | 9000 | 0.370 |
4 | 5301 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 11000 | 2 |
0.405 | 6000 | 1 |
0.410 | 10500 | 2 |
0.420 | 36835 | 2 |
0.440 | 25000 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
CNB (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online