TAS Shareholding in Conico (CNJ) - Upcoming Exploration in Greenland

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:

procrastinato

1,009 Posts.

269

07/09/20

23:36

Post #: 47157400

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.