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).

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Coniagas Battery Metals Inc. > WTI Brent

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Post by namsocon Mar 01, 2015 9:47pm

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Post# 23478353

WTI Brent

Here is the updated Brent WTI chart up to Friday 27, We have the 20 day MA crossing the 50 day. We seem to have support at $48. Brent may be headed for a new high, I think that the US Wed stockpiles are being manipulated by the refiners, or it amy be strike related. I don't by the strike argument too much because the weekly input to refineries is pretty much flat at 15.5 Mb/d.

Other more important info. SCO on Friday closed at $63.62, At this price COSs' cash burn would be around $10M per quarter. The $63.82 includes a premium of $1.38/bbl. Not quite sure what market conditions have caused this to happen. I guess demand is increasing for SCO. At $65 for SCO, COS breaks even with decent production. Note that their average guidance price is $63.08.

Also note that they paid back $60M in Q4 on their credit line. Not quite sure why they did this. Could have been to help the books of the Bank, with some deal that they could get it back if required. Seems a bit strange when money shortage and cash flow is an issue.

We really need WTI to get back to around $53 and $cdn/us at 0.80 to get a more positive outlook for COS. Right now we are walking a fine line but moving in the right direction.

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