My feeling is that a takeover offer is in the winds. But I won't be surprised if it doesn't happen for another 6-12 months.
If Mitsubishi keeps stalling... CNQ may require another capital raising. We all know what that means for the share price.
But with increased interest in tungsten companies, I get the sense that if we can just get this funding sorted, the company will never look back.
DYOR
three days to agm, page-9
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