CAV 0.00% 0.2¢ carnavale resources limited

iron ore and moly both market darlings

  1. 4,067 Posts.
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    and this stock has become a bargain due to delays and inclement weather - it has potential in both areas - iron ore and moly

    only 60 mill shares on offer (with only 48 mill available) of which 58% are owned by the top 20 shareholders.

    money in the bank helps (capital raising was completed at 1.40 per share)

    I know ppl feel that the results have been delayed, but my reading says it was not expected until mid march anyway - 2 weeks away. It is the current drilling that is delayed.

    The main reason I like this stock is because the lack of liquidity keeps day traders away - and look at the way the 40c support has held today - this is set to fly and the lack of liquidity will see it rise just as quickly as it has fallen.

    If the results come in even close to the samples originally taken, this will be worth heaps - even at $1 per share the market cap would be only $66 mill

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Mkt cap ! $2.970M
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Buyers (Bids)

No. Vol. Price($)
8 6094500 0.2¢

Sellers (Offers)

Price($) Vol. No.
0.3¢ 26123207 8
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Last trade - 16.12pm 06/12/2019 (20 minute delay) ?
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