Australian (ASX) Stock Market Forum

CNJ - Conico Ltd

Jump to new
Hmmm T+2 enforcement then?

What am I missing?
The announcement is released.

"Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 2 November 2020 or when the announcement is released to the market"
 
frugal.rock said:
Hmmm T+2 enforcement then?

What am I missing?
The announcement is released.

"Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 2 November 2020 or when the announcement is released to the market"
Click to expand...
CNJ not tardy in replying. ... response sent last night. Up and trading today. Emphasis on UP. (enough to come second?)?
1604016440041.png
 
A better month so far gg.
Almost looking like it's trying to make a bigger run for it?
Certainly a good run since last month end now it's out of the spotlight...
What gives?
Leaky again, now on rading halt again with exploration results due for announcement.

Screenshot_20201123-125734.png
 
Good news for CNJ this morning with the first drill hole at the Ryberg Project intersecting 55m of significant sulphide mineralisation.

CNJ have managed to put the drill in the right place for the first hole. If they manage to do the same for subsequent holes we could see quite a bit of share price upside here.

CNJ share price up 38.24% so far this morning to 4.7c.

CNJ260721.png
 
MT THIRSTY GEOLOGICAL REVIEW FOLLOWING NEIGHBOURING DISCOVERY BY GALILEO
  • Geological review underway at Mt Thirsty following recent discovery by Galileo Mining Ltd (ASX: GAL)
  • Galileo’s Callisto discovery only 200 metres from northern tenement boundary held by the MTJV
  • Continuity of the prospective mineralised horizon onto MTJV tenure supported by lithology & geophysics
  • Prospective mineralised horizon remains untested with a further 1.5km extending onto MTJV tenure
  • Program of Work application underway with DMIRS to support maiden 2,000 metre drill campaign
  • Maiden drill campaign expected to begin within the next 6-8 weeks, and taking 4 weeks to complete
  • Broader regional geological review underway assessing nickel sulphide and LCT pegmatite potential
 
And a very timely rights issue raising $2.5 million, closed 18 May, being a one for 6 placement at 1.3c, to fund the following:

1. the 2022 East Greenland Exploration Program at Longland’s Greenland licences, that include the Ryberg (Ni-Cu-Co-PGE-Au) and Mestersvig (Pb Zn) projects in East Greenland (Conico 100%);
2. further assessment of the Mt Thirsty Co-Ni Project (Conico 50%, Greenstone Resources Ltd 50%);
3. administrative costs and expenses and ongoing working capital to cover operating expenses of the Company, assuming this Rights Issue is fully subscribed, for approximately 12 months
 
Top