Next Week Maybe I'm dreaming, but I've thought of some things and done a little searching to see if my thoughts are possible. I saw that Blue Note released news stating that they've completed the sale of their New Brunswick property to GeoVenCap - which is a pool group. Kinda tricky to figure them out.
However - We had some insider buying last week, BEFORE the Blue Note News was released. If you look at our January 16th news release (I'll just show it).........
| JANUARY 16, 2012 - MONTREAL, QUEBEC - Critical Elements Corporation (TSX.V: CRE) (US OTCQX: CRECF) (FSE: F12) ("Critical Elements") and Blue Note Mining Inc. (TSX.V: BNT) ("Blue Note") report that they have agreed to extend the term of the binding agreement announced on July 19, 2010 (the "Agreement") providing for the acquisition by Blue Note of all of Critical Elements' interests in the Croinor gold project located near Val-d'Or, Quebec.
Under the terms of the Agreement, Blue Note now has until March 31, 2012, or such other later date as mutually agreed by Blue Note and Critical Elements, to make a final payment of $2,250,000 to complete the transaction. In addition, Blue Note shall issue 17.5 million common shares to be held in escrow, for release at a rate of 500,000 shares per month over 35 months from the date of closing. The transaction includes Critical Elements' 71% ownership in the Matchi-Manitou property |
So maybe, Blue Note said "wink, wink, hint, hint, buy on the open market because we are going to pay you by March 31 wink, wink."
I could be completly out to lunch and 100% wrong, but the timing is possibly there! Maybe that's our news this week? Man it would be nice to finally get our money from them. What do you guys think?
Shelbs