OTCQX:CBLLF - Post by User
Comment by
SilverKnighton Nov 15, 2019 5:50pm
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Post# 30358796
RE:RE:RE:Has anyone received the cash yet?
RE:RE:RE:Has anyone received the cash yet?I would have thought this deal additionally counts as tax fraud. How is it holders can claim a loss from $1.92 when no one paid that and the valuation is based on total nonsense? Actually I'm surprised its even at $0.40. The Ramu mine is closed and they still owe $114 Million USD in debt, yet Conic has a market cap of $33 Million CAD (@0.40). It trades at bankruptcy levels for good reason. Unless the PNG government allows them to open again soon its hard to see how they avoid bankruptcy. But if they do, you've got a proven management team that will sell you down the river later. JMHO