Carnaby Resources. CNB will be drilling 2 copper targets imminently(should be an announcement within the next week). Both are quite good looking targets and the company has a number of copper discoveries in the area that they are still drilling out/growing. A few good results from the new targets should boost the SP with it looking ready for a bounce. The company also has a habit of getting a good pump in share price leading up to a cap raise and I don’t think they will be too far off from that cycle again. They do have $6-7mill in the bank however they are also spending a bit to push through mine studies, infill and extensional drilling etc on the other copper deposits and they like to have a healthy cash balance. IMO the news flow will start rolling through more regularly and we could see a decent rise in SP.
