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Yes @solar, The strategy will unfold quickly from here. CNJ...

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Lowkeyinvestor

4,363 Posts.

1577

13/09/18

09:42

Post #: 35567267
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Originally posted by Solarbat ↑

What happens next is going to be interesting Lowkey. My guess is CNJ directors take up the full/a large percentage of the shortfall, so they can fully fund their share of the PFS. I just can't see any other way for them to sensibly play this.

Obviously the PFS is now sorted, with BAR having the money to go forward no matter what CNJ do. But I want to see how CNJ play this to best benefit themselves, and so those of us who are also CNJ shareholders.

And I think it will unfold quickly. After all, if they don't pay for all of the PFS share you'd assume Barra will ask for a larger share of the JV. Fair enough. But CNJ won't want to give away any % for peanuts.

Another option is a bringing in a cornerstone investor like MIN for BAR. But once again, that's giving away % for peanuts.

Who knows, but with Chris Ellison/MIN in BAR and GAL, the whole larger project is going to come together soon. And buying CNJ at 3c is BY FAR the cheapest way to buy a % of Mt Thirsty.

Solarbat

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Yes @solar,
The strategy will unfold quickly from here.

CNJ directors and other major shareholders won't want to give anything away, but I recon they/us will have to along the lines of MIN.

CNJ Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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