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Cullinan Metals Corp V.CMT


Primary Symbol: C.CMT Alternate Symbol(s):  CMTNF

Cullinan Metals Corp. is a Canadian mining and exploration company focused on the development of energy metals. The Company is focused on energy resources, such as copper, graphite and lithium assets. Its projects include Smiley Lithium Project, Lac-Des-Iles West Graphite Project and Wakeman Lake Lithium Project. The Smiley Lithium Property consists of around five mining claims comprising approximately 1,902 hectares located 55 kilometers (km) north of Thunder Bay, Ontario. The Smiley Lake Lithium property is located in northwestern Ontario where numerous lithium deposits have been delineated to host significant reserves of lithium oxide (Li2O). The Lac-Des-Iles West Graphite Project consists of around 43 mineral claims in one contiguous block covering approximately 2276 hectares land, near the town of Mont-Laurier in southern Quebec. The highly prospective Wakeman Lake Lithium Project covers approximately 7,900 acres and is located in Northwestern Ontario.


CSE:CMT - Post by User

Cullinan Metals Corp
Bullboard Posts
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(12)
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Comment by daffidon Apr 08, 2014 3:32pm
129 Views
Post# 22426480

RE:Discussion

RE:Discussion
They said they would issue UP TO 16 million shares.

I don't think the rules would allow the CMT to issue , other than at an average daily price , a  below market valued  share.

If I was the vendor I'd want average priced shares @30 cents now , not a buck , I'd have more shares and I want some room for appreciation.

If that were to happen the shares O/S after acquisition would be a lot less , by millions , than what TWD has today . Same licensing, less over head , less O/S shares than TWD . Share price????
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities