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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

Bullboard Posts
Comment by ajee333on May 02, 2015 8:47pm
112 Views
Post# 23688735

RE:RE:RE:Just Greeeaaatttt

RE:RE:RE:Just GreeeaaattttI'm not a child, nor naive.

Chlormet will issue 4,350,000 shares upon signing the Definitive Agreement with the remaining share issuances to be done incrementally as AAA Heidelberg advances through the application process with Heath Canada as follows:

Receiving security clearance:                                          2,000,000

Receiving ready to build letter:                                       2,000,000

Receiving MMPR licence:                                              10,000,000


They're issuing 7mil shares for vapetronix, so about 75mil outstanding after 19.5 for pp, 7mil for vape, 18.5 for AAA and 31 outstanding. At 0.10, 75mil outstanding gives it 7.5m market cap, for a company with their mmpr? It would be a bargin at this price if that was the case. 7mil shares for vapetronix is nothing, and majority of shares for AAA are being issued once they have the license. You're right about this sector going to shiet now, but my main point was, if it hits 0.14 on solid volume there should, hopefully, be some solid bids in preventing it from tanking again. I was in this when it went to shiet, and want to pull my money out as well, but I'll wait to put my ask in. Whether I was to have a ask at 0.14, or sell for 0.13 if it does and starts going lower, its nothing compared to when it was 0.055. Why not wait and see what happens rather then having the ask order in already.
 
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