GREY:CPMNF - Post by User
Comment by
RobertPageon Dec 06, 2013 10:27am
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Post# 21978454
RE:It Appears To Be A VERY BAD Deal ???
RE:It Appears To Be A VERY BAD Deal ???Something need to be investigated here.
CHM is selling 50,5 % of itself for what cosideration ?
MAMBA is a little company with 3,4MM$ A on hand and an option to acquire
Snelgrove Lake Project by spending 6 MM$ CAN and making a further payment of
5MM$ to get that property. The president abandoned in 2013 their Australian iron ore
project and their iron ore project in Mozambique. Now in a magic display
MAMBA is getting 49,5 % of Champion if they raise 10 MM$ A at 50 cents.
Snelgrove is not necessary here; its a smoke screen.
The 10 MM$ A MAMBA has to raise is something CHM would be able to do under
a 50% dilution. Mr O'Keefe might be a great achiever, he's human and CHM would be better
off hiring the guy with a big package. SO WHERE'S THE MEAT ?
What's behind the smoke sreen ?
Shareholders must look elsewhere.
Let's start with CIP Magnetite Ltd. Impossible to find the beneficial owners.
They received last summer 32,000,000 MAMBA shares for their Snelgrove stake.
Investigation is needed here; its an almost reverse take over ( because its not over
50%) of CHM.
Bad.