re: Ann: CQT: Variation of Takeover Bid - Inc... My favourite line: "Conquest and NQM are a natural fit". I would have thought the guys that own the other 40% of Pajingo were the natural fit.
It seems to me that the CQT's new management have come in, realised their Mt Carlton project is a bit of a dog, and are trying to find a worthwhile asset to buy. Addressing each of their points:
- I'll certainly agree that CQT's management have a good track record, but NQM's aren't that bad either. Plus mining company track records are as much a function as the ground over which they manage in addition to the skills of the managers themselves
- I don't see why NQM holders would want exposure to the clearly inferior Mt Carlton following questionable economics from its definitive feasibility study
- CQT and HSK's bids have brought some much needed attention to NQM, so I think we'll have the extra liquidity for free from now on
- If by growth they mean Mt Carlton then see point 2 above
- CQT's offer combines a gold resource in QLD with a gold resource in QLD. HSK's offer combines gold with with tungten in Spain and industrial minerals in Canada. Their definition of diversification is a bit different to mine.
Truth be told, they do have some valid points regarding HSK but I would go with them over CQT any day.
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