Well, it looks like Petra Capital has released a slightly revised research report from that released on the 7th of Sept
Again same valuation 86cps, but some of the numbers appear adjusted down a touch and now they are saying a JORC resource announcement will be released in the Dec qtr 2012 rather than Oct 2012.
The share price languishes at 12c
OK, the question is still why isnt the broker promoting the stock? Where is Regan in all this, why is he not promoting the stock?
I said in my previous post, if this company is valued at 86c and we have a maiden JORC announcement coming , the stock should be at least trading with a 30c handle, maybe even over 40c.
Why is there even an offer at 20c, this should of been taken out?
Does this broker know how to do its job? Does the MD know how to do his job? Should we bring back the previous board?
Its a disgrace!
CNL Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held
