When I read the SPP announcement I was disappointed and frustrated but did a reality check and can understand the funder’s reluctance to proceed without the Queensland Government approvals in place.
I was expecting a capital rising with the hard rock funding announcement, but I can understand with the New Directors & CFO the substantial benefits in having the approvals in place.
Like the last SPP I feel shareholders will be able to apply for in excess of $15,000 But at $0.075 I believe is a very attractive price and the $6.0 Mil target will be achieved.
Clearly with all the approvals in place, scoping study, Cash flow positive 18 Month payback CNQ would have to look attractive.
Lets hope we start to see regular updates.
Please DYOR.
CNQ Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
