3 words "lack of promotion" Been a dismal effort by management....

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06/01/17

10:08

Post #: 21714938
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Originally posted by Koala1959 ↑

I find the market's assessment and hence the current share price of CRB puzzling.

CRB based on the recent announcements has a solid resource identified, very low estimated production cost, other exploration targets with good potential and the possibility of being able to get into production later this year after an expenditure from memory of around $70m with a projected positive cash flow in a reasonably short period after commencement of production.

The only two "major risks" I see are possibly dilution depending on how the production ramp up is funded and the fact that approval is still being sought from the Queensland Government (given the proposal to mine will also sort out a major ecological problem it is difficult to not see approval forthcoming).
I am of course taking at face value the resource assessment is accurate)

Perhaps I'm missing something but I have had other junior gold investments with less potential to be in production / producing cash flow in the same time frame as CRB and likely nothing like the production costs estimated by CRB that have done reasonably well in the last week or so while CRB has gone nowhere and today got a low as 9.8c before recovering to 10c.

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3 words "lack of promotion"

Been a dismal effort by management. Timing has been all wrong. Delayed bfs and then the golf bubble burst and they release the bfs just before xmas when the market is asleep and on holidays.

Funds that took the placement have been less than supportive evidenced by the recent crossing at 10c. Typical by them not to even hang around until the bfs.

Piss poor effort all around

CRB Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $2.207M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$1.216K	304K

Buyers (Bids)

No.	Vol.	Price($)
1	1446000	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	1443831	4

View Market Depth

No.	Vol.	Price($)
1	1446000	0.004
5	16605001	0.003
1	700000	0.002
1	800000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	1443831	4
0.006	729797	2
0.009	94506	1
0.011	9000	1
0.012	957	1

Last trade - 14.16pm 25/06/2024 (20 minute delay)

CRB (ASX) Chart

3 words "lack of promotion" Been a dismal effort by management....

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Eurozone-based companies find new ways to secure a regional lithium supply

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3 words "lack of promotion" Been a dismal effort by management....

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With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Eurozone-based companies find new ways to secure a regional lithium supply

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