CNB 13.1% 56.0¢ carnaby resources limited

If you only read one Hotcopper post this year...make it this one!

  1. 19,172 Posts.
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    I've been part of the Hotcopper community for a very long time, so have seen the introduction of many new members.
    This brilliant maiden effort on Saturday from a poster called Alfieknows was so impressive, I thought it deserved its own thread.
    Enjoy:



    "Not if there is a Monday morning announcement regarding Tick Hill open pit, which is highly probable. CNB hasn't yet reached remotely close to fair value based on any measure. So, although a pullback would be very nice for a top up and to entice new buyers, I find it very unlikely. There are very few shares in the free float and very few shareholders willing to part with them. I am currently holding 1.09m shares split across 2 entities and I will not be selling a single share for a very long time. I also, have many people in my circle who are holding very tightly, as are a lot of the posters on this forum.

    There is some talk around town stemming from some discussions with Cannacord (Patto's) and Ords that there is an intention for an additional director to be brought to the team ('poached' from a very strong background), subsequently increasing the capacity to allow equal distribution of focus between the two major 'projects' (Tick Hill and the Copper prospects, QLD and the Strelley - Mallina Basin, WA).

    Furthermore, the lease at Strelley covers in its entirety the confluence of the 'Tabba Tabba' shear-zone and the 'Berghaus' shear-zone, these two fault lines are host to the highest grade and longest intercepts from 'De Grey's' newly discovered lode. It must not be glossed over that the confluence of these two highly mineralised faults have the highest probability of containing the greatest mineralisation. We have all seen the results from 'Hemi'! It is about as close to impossible as you can get to even think that we are not sitting on the 'Motherlode'!

    We still have a completely feasible open pit/underground copper mine that can be developed (Copper price rising!), we have a cobalt-nickel project for sale in Sweden, absolutely no prospect for a capital raise for a very long time and most importantly a management team that has carried over from company to company leaving a trail of hundreds of millions of dollars in market cap growth.

    With a fully diluted register of ~110m shares (currently 98m) we are highly leveraged for exponential growth in share price terms, we are entirely undervalued currently and we have an almost overly crammed forward timeline of news flow to come.

    I rarely get overly excited with companies I am invested in due to my vast experience in the small cap mining investment sector, however CNB is not your average exploration play. It is a 'company' in the making, and it is technically and fundamentally set up for a sustained period of exponential growth.

    So although you may be correct in calling a pullback next week Mr. Cheese, I do find it very unlikely and if it does occur, I assure you it will be very brief.

    Regards,

    Alf"
 
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