The number of posts on the CNQ board indicate the general love and hate we now have for the LISTED company.
There are almost no posts or interest.
I first started to buy the old III.AX at 33c and have continued to add.
I purchased at over 20c I have taken up shares at .15c
I did not take up the last SPP and few others did. I bought on market at just about 7c
Now I look at a share price of 5.7c almost as much as Woolworths will give a discount off a litre of fuel.
Over the years I have attended three AGM's
So where are we.
A company valued at $17,000,000.
Whe have a resource, we have a client, we have a limited cash flow, we have two LOI and an offer of $15,000,000
We have an engineering firm from Portugal that invested millions.
We have a strategic resource. A recourse the Chinese are stock pilling.
We have services and R and D funds coming in
What we do not have is a board that talks to the market and shareholders.
Yet the share price is worse than ever.
Is there a motive here. That is a poorly worded question because there is not but what is going on.
With so much improving news how can the share price be so low.
makes u wonder iF SP continued to fall a consortium could take it out cheap. Imagine buying a mine with potentially a billion in tungsten for $17,000,000.
This is a mine with payback of two years everything is potentially grand.
As treefeeds has said and I agree, management have never meet their projections.
Gillard is the same she is going in September maybe we need a board that meets the needs of shareholders. If we have problems at Carbine tell us don't leave us like shags on a rock. Tell us, tell us something.
We are a growing company if I read the AGM docs and the quarterly reports but who would know there is a gap between the written word and reality.
There needs to be a shake up at some level because iCNQ is not meeting the expectations of anyone except maybe a consortium that comes along and offers the poor suffering share holder .15c and we take it.
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