After 5 plus very loyal years as a CNQ/III shareholder I sold out a few months back. Had problems with zero concrete directions. CNQ announced an 18 month payback so why did not it proceed?
That being said the fundamentals have not changed CNQ is still “world class” , low startup cost with 3 years Tailing, 5 years virgin diggings, and with resource upside. Tungsten is a “Strategic Resource.”
A $1 Million Mitsubishi debt from memory over the resource company?? Not over CNQ?? Could be the companies undoing.
Understandably with the current management and suggested market conditions the capital raising may not be popular with the Mum and Dad investors. Maybe the top 20 will support the capital raising?
I hate to predict it but I can see 51% of CNQ being taken over for a bargain basement price Mitsubishi debt being paid back and mothballed. The profitable quarry/mining license being purchased.
The fundamentals have not changed.
After 5 plus very loyal years as a CNQ/III shareholder I sold...
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