CNB 0.00% 42.0¢ carnaby resources limited

Easy as A, B, C

  1. 19,172 Posts.
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    Peter Bowler our non-executive chairman, was the founding MD of both Agincourt Resources and Beadell Resources.
    Rob with his 20 years geology experience, was the exploration manager for Agincourt.
    Between them, they took Agincourt to a MC of $500 million and Beadell to $800 million.

    For ease of comparison, if we just use a nice round number of 100 mill issued shares for each (us included), those market caps would equate to:

    Agincourt Resources $5.00 per share.
    Beadell Resources $8.00 per share.
    Carnaby Resources $6.50 per share (average of the two)

    $6.50 for CNB too ambitious?
    With the full, original team back together again, surely if they've successfully done it twice before, they can do it again.
    In fact, I'd say this well oiled machine makes it as easy as A, B, C

 
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