Is what it is24 Oct 2023 14:55
Can't rember how many years its been since I posted but, as an lth who has been in since pre consolidation, thought I would give my view.
Not surprised the share price is where it is from a management performance perspective as there is nothing to invest in here. Reflecting on the last 12 (ish) years and taking into consideration what I have learnt from other investments I feel that there is no real investor interest for good reason, which are:
1. There has never been a plan that has allowed any form of measure in relation to a final outcome or success. No milestones or dates have ever been put forward that would allow for performance scrutiny. What serious investor(s) are going to invest in that? Remember, the only advantage of not having a clear and defined plan is that failure comes as a complete surpise!
2. CNR's pesentation material looks very unprofessional. When you think how much money CNR has spent over the years it is very hard to understand why management havent parted with a few quid on fiverr.com to make it look professional. One of my investing lessons learnt from CNR is, when researching, read the detail as well as how it's presented as it says a lot.
3. Decisions. 'We're an Explorer", "We're now Miners", "No, we are explorers again and we are going to sell" ??? What will it be next week?
4. And the most important in my view, the sector. If you want to see a chart as bad as CNR's take a look at the Precious Metals one. Since the sale announcement and fluctations due to cash raising, we have simple followed the same pattern.
That's my thoughts anyways. Probably totally wrong which would not surprise me as, lets face it, I'm still invested in the hope that there is some sort of return after 12+(?) years.
Will keep reading the board as it's usually always a bit of a giggle. Really hope this is my last post on cnr as if it isn't and I post with my usual regularity we will still be here in 2027!
:D