CNB - Carnaby Resources

[Dona Ferentes]

Yes in a few days ago at 60c mate. Just going to hold now to see what January brings. Consolidated well today, hoping it heads to $1.50 in the next week or so

Opened at $1.50 on first trading day of 2022. Essentially, that was the low point, got as high as $1.62 and closed at $1.56

 

[Swervin Mervin]

Loving the action on this. Today it kept getting bought up all day long. Maybe $2 by the end of the week. What a beauty!

Opened at $1.50 on first trading day of 2022. Essentially, that was the low point, got as high as $1.62 and closed at $1.56

 

[Sean K]

I was cautious of the recent announcement - not sure if it mounted to anything of substance and was just jumped on by FOMOs. Maybe they actually have something here.

 

[Dona Ferentes]

I was cautious of the recent announcement - not sure if it mounted to anything of substance and was just jumped on by FOMOs. Maybe they actually have something here

They've found if the expectations aren't met, then the market slaps it. Sell first , ask questions later. Down nearly 20%

 

[Sean K]

They've found if the expectations aren't met, then the market slaps it. Sell first , ask questions later. Down nearly 20%

I thought this was just confirming that they actually have something, but perhaps Mr Market was looking to 10% Cu again...

 

[BlindSquirrel]

I got in on this one last year, I think I was just browsing the HC daily mover list for potential winners and got in at around 25c.

I took a free ride at 66c, am kicking myself a bit but free riding at 200%+ has saved me more often than this occurrence.

 

[Sean K]

Back with some higher grades 3km north of the other deposit. Looks like a pretty prospective corridor. Seems to have held up OK after the spike and pull back. Wonder if that's enough for another run.

 

[finicky]

HMX up almost 20% in sympathy

 

[BlindSquirrel]

Market approves!

 

[Sean K]

I think they're on to a significant IOCG district here. Imagine if these deposits meet up. 5km of IOCG... MC over $200m now but could be anything. Easy money already made probably. Only 125m shares on issue, one of the reasons it's jumped so much.

 

[finicky]

HMX up 15%

 

[Sean K]

OZL getting in here is a very interesting development. They obviously see something here.

 

[Knobby22]

I just jumped on at $1.32. Better late than never and if the big boys at the raising bought in at $1.30 then hopefully I am in the ball park.

 

[Sean K]

Well, this thing is very interesting. MC still around the $200M mark and could be on a major Cu district. Something Oz might gobble up very quickly.

 

[BlindSquirrel]

I de-risked some at 1.70 in mid Jan, bought them back at 1.35 last week (0.618 fib level of the last pump), and now this!
?

 

[Sean K]

They're still getting great results here. That's some grade!

 

[Sean K]

Been beaten back to 76c or so on the crash. Still coming out with good drilling results at these two deposits, will just depend on volume to how good it turns out to be. Might have to add this to the shopping list once the dust settles.

 

[Sean K]

Looks like these deposits could be part of a district scale operation if these IP anomalies are similar to the current drill results. Will be interesting to see if Oz start increasing their stake.

 

[Dona Ferentes]

this time it's farology, distantology?

or maybe anomalyology. Something for everyone. SP up nearly 20%...

exploration update for the Greater Duchess Copper Gold Project

Mount Hope Prospect: • Induced Polarisation (IP) surveys at Mount Hope have revealed a very large and extremely strong IP chargeability anomaly at Mount Hope North. First pass drilling to commence imminently.
Duchess Prospect: • Highly encouraging and undrilled IP anomalies generated.
Shamrock Prospect: • High grade rock chip and channel samples up to 18.8%Cu, 4g/t Au.
Lady Fanny South Prospect: • 37m of halo style copper sulphide mineralisation has been intersected to bottom of hole in LFRC142, associated with the IP anomaly.
Nil Desperandum Prospect: • 19m downhole zone of strong copper sulphide mineralisation has been intersected a further 150m down plunge, results pending.

 

[finicky]

CNB chart - a weekly spinning top candle ushering an impulse higher or just another brick in the wall. You be the judge, I have chosen the former interpretation for the Oct comp.

Not Held

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