Post by
Tesila1 on May 25, 2017 6:47am
Glencore CEO - Electric Car Boom - Copper/Nickel Demands
Yes Andre, Iooks like existing shareholders of MUM are getting stock at a good price. It appears to be a debt obligation related to past financings. At least the stock is going into the hands of investors who previously invested in MUM and they may still have a vested interest in seeing the company move forward to eventual production operations on its projects in ideal location, location, North-east of Winnipeg Manitoba, economic & environmental studies completed, excellent power rates, skilled workforce near small towns (i.e. no costly worker camps to set up at minesites), with mineral commodities on two or more projects that are about to be in stronger demand as the new energy transformation unfolds more quickly than expected (i.e. significant requirements of Copper, Nickel, Cobalt in the new energy battery packs by Tesla & others and Copper load requirements for electric vehicles, buses, marine vessels, etc, as recently emphasized by Glencore's CEO).
Tesila