Hi,
As most of you know, TAS holds ca. 50 million shares in Conico (CNJ), which is 13.18% of the total issued capital of CNJ.
Based on a closing price yesterday of .016 this shareholding is worth A$800,000 to TAS.
Recently, CNJ have announced that they will be very soon undertaking exploration in Greenland. See link:
https://hotcopper.com.au/threads/ann-conico-mobilises-for-greenland-exploration.5562665/
On the CNJ thread late yesterday, there was a post from Procrastinato about the Skaergaard prospect in Greenland, which was recently sold for $27 million. The Skaergaard prospect is very near to CNJ's various prospects in Greenland.
Here is a link to this post:
My thanks to Procrastinato!
Here is also a link to the announcement from Platina Resources (PGM) about this sale.
https://hotcopper.com.au/threads/ann-key-step-completed-in-finalising-skaergaard-sale.5600780/?post_id=47013626
Cheers.
TAS Shareholding in Conico (CNJ) - Upcoming Exploration in Greenland
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