TreeF is tough in what he says and most of the time very fair.
SPP's are usually fickle things. The shareholders complain that they don't get access to cheap shares, yet when offered they don''t take them up.
It was also obvious that given all the celebrities on the Board , they couldn't organise broker support to keep the price high during the SPP.
This will lead to the next raising to be conducted at substantially lower levels than these, unless, and this is a big unless, some great news rolls around.
I believe this project has legs and should get going , if it get past it's enviro issues and works out if it is going to be an underground mine or an open pit. It will however come at the cost of dilution. And the brokers know that, and maybe, can smell an opportunity approaching. DYOR
CNQ Price at posting:
7.0¢ Sentiment: LT Buy Disclosure: Not Held
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