COY 7.69% 1.4¢ coppermoly limited

Ann: Drilling Results at Nakru1 Demonstrate Major, page-8

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  1. 7,936 Posts.
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    re: Ann: Drilling Results at Nakru1 Demonstra...
    What a circus!!

    One McNeil and Co "underperformer" forced selling into another McNeil PNG vehicle.

    If only this was not the first time.....

    Somewhere north of 20M COY shares still need to find a new home.

    Luckily the circus may have a elephant of sorts, early days with Barrick paying but would take smaller tonnes at >1% Cu eq than squillions at 0.2-0.3% Cu in central PNG any day. Some secondary enrichment is also better than none.

    Best result ST is ABX like what the see and take further COY paper off NGG or other PNG resource hungry funds steps up.
 
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