re: Ann: CQT: Supplementary Bidder's Stat...
Very perceptive an the merger comment nk. We keep much of the upside with this proposal.
My preference is to stay independent, but this knocks out the threat of CQT getting 40% or so and gaining effective control. Don Walker is entitled to switch and sell his shares into the higher offer.
Followed HSK for a while as well. They are also undervalued and the tungsten operation has a good chance of coming good with the upgrade. Plus revenue in USDs while costs in a substantially lower Euro makes a huge difference.
There are 2 things I dont like about HSK, but overall very happy to have this as a backstop.
Cheers
NQM Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held
