Trust and Creditability will be key moving forward given the last two capital requests.
I like CNQ mgt now Ian has left but would like more transparency on production revenues. Hopefully the new MD who starts next week will be given rope to do it his way.
The issue of side deals is however a concern. A recent example is Gossan Hills pending purchase of Mt Adrah. The issue of 10m shares ($2m IPO float price appears market) to the Vendor - Brightstar Resources appears fine and is disclosed but the issue of 1.5m shares to the Vendor's MD private company for $1,500 (Willowood Corporate - refer to the prospectus and the substantial shareholder disclosure) is not disclosed (other than it being a holder) and appears to be smelly.
CNQ please keep your credibility in tact.
CNQ Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
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