quarry deal flawed, sublease issues arise!, page-67

CNQ stock has set another all-time low. As has been predicted, Pump and Trump doesn't work here. The overall failure is too obvious. Tungsten prices don't matter at all given the company neither owns an undisputed lease nor the necessary environmental permit to mine fresh rock. Considering the fact that the lease continues to be in limbo for an extended period of time already and its expiry long before the resource could be expoited, one would expect a reasonable management to book a charge against the value of this asset. Longer term it could have to be written off completely.

The lithium joke is yet another attempt to attract uninformed money. Several hundred companies have turned to Lithium in recent years. CNQ is much too late to the party. Also, it takes huge capital investment to get something going in this business. Capital CNQ doesn't own. This is way out of their league. They don't speak Spanish, have no experience in the country, no ties to the authorities. The whole effort is ludicrous from the very start. Who is supposed to believe quality projects were available for no money after hundreds of other companies were grazing the Continent for Lithium projects for several years already?