Well im going to go against the grain here - but i sold out today at 27.5
CNB was 3c in March, 8c in June only 2 months ago.
Its been a stella run so far, and easy to see why it WAS so far undervalued, but as we approach 30c i feel were very close to fair value now.
Theres still HEAPS of upside and news to come, but now assets are almost fully priced in and your now buying an exploration company and drilling hasnt started yet.
Its more my gut fell on whole of market risk - it feels toppy and FOMO kicking in across the board. (ive only got one position still open and results due next week)
Happy to be wrong - i'll def be keeping a close eye on this one
CNB Summary and Why Its So Undervalued, page-485
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Last
36.5¢ |
Change
-0.020(5.19%) |
Mkt cap ! $62.75M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 36.5¢ | $56.54K | 153.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16756 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 24697 | 3 |
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| Last trade - 15.42pm 15/11/2024 (20 minute delay) ? |
| CNB (ASX) Chart |