Macleod,I agree with Mikayla, thinking the recent capital...

Macleod,

I agree with Mikayla, thinking the recent capital raising of 70m shares may be the indirect culprit.

Whilst those 70m shares would most likely be in escrow it may be that those investors are selling down previous holdings to finance the recent 6 cent purchase, implicitly taking profit. The previous raising was completed by the same broker, adding weight to this possibility.

If not this I’m struggling for an explanation, with CNX back on the march I was expecting a price north of 10 cents in the not to distant future.

Dolphin