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Thanks for all the constructive posts. ASX approval. I find it...

  1. Todays
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    18/03/15
    17:08
    Post #: 14937061
    Thanks for all the constructive posts.

    ASX approval.

    I find it very interesting that Mits and the CNQ Board have gained approval from the ASX.

    CNQ currently has a market cap of $38Mil AUD. The loan is for $15 Mil USD being $19.7 Mil AUD @ $0.76 that’s over 50% of CNQ market cap.
    So I assume the ASX are happy with a loan, which is over 50% of CNQ’s Market cap????

    Note the AGM approved a capital injection of 10%.

    Any Comments.

    What about the foreign investment review board?

    Please DYOR.
    CNQ Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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