the transport costs kill them for sure.
perhaps you are right and I should've held on, my initial plan was to just to buy and forget about CNL; then see how it was in a few years! However my cash situation dictated I needed to sell to get onto something else. i may rue the decision. but you are right, the insiders - well CBA and Lion, aren't selling. i'll be keeping an eye out - and probably cursing myself as it goes back up.
that being said...the project has massive gaps - like nearly all australian phosphate firms. minemakers - distance to port; legend - distance to port; phos oz - beneficiation costs.
go team! peace.
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the transport costs kill them for sure. perhaps you are right...
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