Stoplosses, read the Inteq report mentioned in yesterday's...

Stoplosses, read the Inteq report mentioned in yesterday's Announcement, and come to your own conclusions:

http://www.continentalcapital.com.au/documents/394.pdf

It's true, it's a commissioned report. But it appears balanced & well-reasoned. Risks are weighed and factored. The Estimate of Value given there (p.17) fully diluted is A$0.33/share, significantly above present prices.

The question is whether on a risk/reward basis CNF is worthy of your dollars. Only you can decide.

I believe that from here, the balance is well in our favour so, for what it's worth, I am buying.

Yesterday's announced sale of the Company's Vanmag iron ore asset ticks another box, as they raise US$10m for the enterprise.

As other risk factors are progressively removed, so I'd expect the shareprice to advance.

Just now, I'd guess we are seeing placement stock (issued at 5c with half a free option) coming out. Perfectly understandable...and an opportunity for others. Best to see it dealt with it here, at current prices, than later in my view.

I'm still buying on the back foot.

Cheers.

All the usual caveats apply.