I can see the Mitsubishi thinking more clearly now.The $A falls...

I can see the Mitsubishi thinking more clearly now.

The $A falls and the $15m in yen is just so much cheaper! Maybe they should review their timing for a few reasons.

More than the $ the Equally potential conflict with the Chinese over military fly zone re disputed Islands in South China Sea can't be adding to supply certainty from China.

However the biggie, the federal government has just signed a trade deal with South Korea.

Now if South Korea had companies Like Hyundai,ship building car manufacturing heavy industry they could need tungsten.

And say there is a high grade deposit of Tungsten in North Queensland a Korean company could buy. I say buy the whole thing for a 1/3 cost of a new Boeing 737. Even at a share price of 20c they would get a mountain of Tungsten for the price of a 737.

CNQ is a bargain deal/in the discount bin for any country with manufacturing base that needs long term supply of tungsten.

So I ask what is going on with CNQ/Mitsubishi?

If this deal is stuck in the mud just tell the Sushi eaters u r developing a taste for Kimchee and see if they react.
Lets just do something we have LOI use them, lets play poker!