CNB 5.76% 65.5¢ carnaby resources limited

They have no JORC resource whatsoever, and still a while away....

  1. 584 Posts.
    lightbulb Created with Sketch. 234
    They have no JORC resource whatsoever, and still a while away. No met work. Nothing. It's literally geophysics and drilling.

    Why is this statement such a punter special? "Someone suppressing share price for cheap buyout". Been in the game for over a decade and there's always one comment like this in an early stage exploration company.

    I don't even get where this reasoning comes from, I can't even think on that level. Like what is true value? This hasn't even been quantified. Where does your definition of true value come from? Because OZL analysts don't build takeover offers on speculation.
    Last edited by Atom*: 16/09/22
 
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