We have 2 LOI’s and they would have “copies of the August 12 scoping study” It has been suggested many times that Mt Carbine is a World class deposit so I am inclined to agree we could understandably see a “Hostile Takeover” at say $0.15.
If my memory serves me correctly the AHR takeover was in the middle of a capital raising and there objective was to get 51% (Control). I don’t think this scenario is out of the question.
Clearly it was wrong to assume the tailing would fund the approvals.
The next few days could be interesting.
Please DYOR.
CNQ Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
