RE: Up she goes!20 Mar 2023 10:03
Given the strong likelihood of an imminent sale at between 35p to 69p (fully diluted) there is reason to expect the sp to steadily rise up to nearer 30p in the near future. Let's not forget there are already three expressions of interest, two non-binding bids have already been tabled and there are 9 NDAs signed. Furthermore a large entourage from a big Chinese producer has just been on site for eight days doing due diligence, including meeting the Nic government. It is all looking extremely promising and the board is 'confident' that a sale will be agreed. With gold storming ahead and likely to continue to prosper in light of the current financial mess in the banking sector this can only help CNR in their negotiations. DYOR