In referring to the announcement dated 26 October the management/Directors have made a commitment to:-
a)Tailings retreatment plant “has been continuing to produce” b)Cash Advance from Mitsubishi c)Completion and testing of the plant’s upgrade work is scheduled to take place DURING OCTOBER 2012. d)A second shipment of product is also scheduled for shipment DURING OCTOBER. e)“Holding FRUITFUL discussions with a number of potential off-take & investment partners for its hard rock project." f)Jim Morgan (CEO) Jim Morgan taking up 480,000 ($43,200) @ $0.09
This is the first concrete commitment (“Scheduled”) we have received from the new CEO. Jim has a strong track record in establishing mines with Mitsubishi’s advance I think we have a high chance of success.
Lets hope October 2012 is CNQ turning point and we don’t look back
CNQ Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
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