hard rock options, page-7

Reality check:

1. CNQ stock is down 4% to 9.2c
2. The company doesn't make any money as of today.
3. The plant continues to severely underperform.
4. It will take fresh money to rectify this. CNQ doesn't have this kind of money!
5. There was no follow-through buying in CNQ stock one day after the cornerstone investor was announced. So the share price advance to 10c appears to be unsustainable, exactly as I had predicted.
6. The A$2.0M won't be sufficient to fund the measures to rectify the plant's underperformance.
7. Hence, we could be in for the third cash raising within a little more than one year.
8. Should we face another cash raising, rest assured the share price will be crushed again as it was the case in both earlier cash raisings. Just take a look at KIS.AX!
9. With construction of the hard rock plant about to start in 2013 the next HUGE cash drain is in sight already! This expansion will cost much more money than anything CNQ has done before and there is no other way to finance it than dilute our holdings further which means more pressure on the share price.

In sum, CNQ is *YEARS* away from taking the first Dollar to the bank!

I like your enthusiasm but I am afraid it has damaged your sense of reality.