Scottm & Thatsgold,
Please remember the Directors of CNQ have negotiated a $15 Million USD LOAN.
My interoperation of a LOAN is there is NO shareholder dilution.
Considering Mitsubishi are taking 100% of the stockpile production one could argue it is a CASH ADVANCE against potential sales.
Margins would have been negotiated and they equate to an 18 Month payback.
Currently the Interest rates in Japan & the US are next to ZERO.
The AUDUSD exchange rate has moved from parity to $0.78 in just over 12 Months positive for margins/profit.
I think we should complement the CNQ Board as this seems to be a win win for Shareholders and I can understand why Jim Morgan (CEO) has accumulated around $750,000 worth of CNQ Shares.
Please Please DYOR.
$15 Mil Drawdown, Steering Comitt, Plant orders, page-8
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Mkt cap ! $101.1M | |||
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