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North American Tungsten Corporation Ltd NATUF

Metals & Mining Industrial Metals & Minerals
North American Tungsten Corp Ltd is a Canadian based exploration and development company. It is engaged in the exploration, development, and operation of mineral properties. The company produces, processes, and sells tungsten concentrate. Its project portfolio includes Cantung mine site and Mactung deposit projects.


GREY:NATUF - Post by User

North American Tungsten Corporation Ltd
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Comment by ruminatingon Sep 20, 2011 2:08am
231 Views
Post# 19060178

RE: RE: RE: RE: Can anyone explain

RE: RE: RE: RE: Can anyone explainThe company sells products to customers who sit on its board at a 20% discount from market prices. The question is what market prices. They insist that they are working with backlog prices due to delays in delivery. Yet companies like Malaga seem to be able to structure contracts to remain current with pricing. There is a possibility that contracts are structured to favour some customers to the detriment of minority shareholders because of the conflicts of interest on the board who appoint the CEO.
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