Anyway - my most recent purchases are now back in the money so I'm happier again.
With recapitalisation and likely value 30-50c even post dilution I think it remains good value. IMO there are some very good base metal plays too at the moment.
For example, RDR has a ripper vanadium resource in a market that will expand rapidly with the advent of vanadium-redox batteries and increased high quality steel production and are a current gold producer.
Does this provide a better deal than CNP? I'm really not sure. CNP likely to give more profits short-term, then switch to IO/gold/base metals for the longer term in a few months.
CNP Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
