CNP 0.00% 4.0¢ cnpr group

i see a possable bounce here folks, page-23

  1. 2,988 Posts.
    I don't think this will go as low as the low 20s or high teens as there will be very strong support in the mid-20s - at which price this is a better punt than almost all of the mining species/mid-caps. At that price (MC only about 120-180m for 15-23c) a mid-sized predator or hedge fund would look to scoop them up for the huge asset base it has - which could be sold off for much more than 20cps.

    If it hits 25c I'll buy a big bag of keepers for the bottom draw (or at least until it hits $1.20), and maybe also a big pile to sell and free carry when it returns to 40-60c once debt reduction has been sorted out.
 
watchlist Created with Sketch. Add CNP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.