Can’t comprehend on Friday a trade for $365 (5,014 Shares) pushing the share price down 4.05%, $0.074 to $0.071.
Mryeh, Thank you for you informative post.
• Interesting in Feb 2011 the Capex for the Low Grade stockpiles was $20Mil Mine Life 5 Years. • The SPP maxium is $8 Mil the $15 Mil from Mitsubishi and considering the overhead recovery from the Tailing production/sales will this be enough money to get the “Low Grade Stockpile” plant running. • Will Mitsubishi $15 Mil injection be Shares? • Will Mitsubishi thake up any SPP shortfall? • Low Grade Stockpiles approval due in the 3rd Qtr and pit approval in the 4th qtr2013. • With final approvals in place funding via a Joint Venture, Bank loans, Grants can be finalised. • Delighted with “Technical Collaboration” from Mitsubishi. • Mitsubishi as possibly the largest shareholder could have a seat on the board. • The New Board with Mitsubishi will drive leadership, transparency, project management and direction. • Note core focus is Mt Carbine Tungsten only and CNQ would be disposing any other tenements. • Mitsubishi will not accept failure.
This is a concrete move forward. Yes I can see a Takeover in time.
Please DYOR.
CNQ Price at posting:
7.1¢ Sentiment: Hold Disclosure: Held
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