Thatsgold. Thank you for your posts. We are both patient long...

Thatsgold.

Thank you for your posts. We are both patient long term CNQ holders.

I can understand your frustration.

But. I think we should look at the big picture. Tungsten is a STRAGIC RESOURCE and it is imperative companies (Mits) Countries say the EU ensures uninterrupted supply of Tungsten. The World has two major suppliers Canada ??10%??) & China (??60%??). Canada maybe supplies USA and China is now limiting exports to finished products.

Hillary Clinton about 2 years ago raised Tungsten as a key resource.
Warren Buffett has invested in Tungsten.
The Tungsten price has held up well.
Mt Carbine was one of the world’s largest producers and it has been suggested it is a “World Class Reserve”.
Mits are LENDING CNQ $15Mil USD with a suggested 18 Month payback.
CNQ is only signing an off take agreement with Mits for the stockpile (5 Years)
The Japanese financial year does not start until April.
Directors are taking shares instead of cash
All options has been taken up.
The CEO has invested App $750,000 of his money into CNQ in the last 3 years.

I mentioned in a previous post one should read the VML announcement VML’s partner.
“JOGMEC” (Japan Oil, Gas and Metals National Corporation (JOGMEC)

Mission.
JOGMEC integrates the functions of the former Japan National Oil Corporation, which was in charge of securing a stable supply of oil and natural gas, and the former Metal Mining Agency of Japan, which was in charge of ensuring a stable supply of nonferrous metal and mineral resources and implementing mine pollution control measures.

Countries have their eyes on Tungsten therefore VML & CNQ.

Posts have suggested a tungsten-processing HUB.

Mits have advanced CNQ $1.0Million USD. But CNQ has not signed a deal with Mits.

In light of the above CNQ should be holding the Joker and maybe 2 aces.

Jim Morgan, the board will be looking at the big picture and doing the best deal.

I see a bright light.

PLEASE DYOR.