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Champion Iron Mines Limited CPMNF



GREY:CPMNF - Post by User

Bullboard Posts
Comment by RobertPageon Dec 06, 2013 10:27am
314 Views
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.









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