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Coniagas Battery Metals Inc. T.COS


Primary Symbol: V.COS Alternate Symbol(s):  CNBMF

Coniagas Battery Metals Inc. is a Canada-based exploration and mining company. The Company is focused on nickel, copper, and cobalt in northern Quebec. It is advancing Graal Nickel & Copper Project. The Graal Nickel & Copper Project (the Property) is located in the north of Saguenay Lac St-Jean region. It is comprised of 110 map-designed claims covering 6,113 hectares. The Property is also located at 190 kilometers (km) north from the seaport terminal of Grande-Anse (Saguenay).


TSXV:COS - Post by User

Post by oldtimer21on Dec 10, 2012 2:15pm
378 Views
Post# 20708597

Share price pressure- silver lining

Share price pressure- silver lining

I believe the comment at the end of the article is what is putting the share price under pressure today.

"Coutu also said that Syncrude, which produces up to 350,000 barrels per day of synthetic crude oil from its northern Alberta operations, has been having problems with its crushers and the extraction process, causing what he called "a blip" in production.

He did not say whether Syncrude was close to resolving the problem, but said the project was "working through it now".

Sources told Reuters last week that Syncrude output would be cut this month by 400,000 barrels because of the production problems.."

if it is only 400,000 BO that is is about 13,000 BOPD will be a substantial improvement from November, hence the silver lining.

https://ca.reuters.com/article/domesticNews/idCABRE8B90WW20121210

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