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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).


TSXV:COS - Post by User

Comment by forecast123on Dec 21, 2015 7:46pm
212 Views
Post# 24403119

RE:RE:If there is another buyer

RE:RE:If there is another buyergvsdgbfsdgbfsa - I agreed with you the major shareholders (Seymour Team holding 28% of o/s shares and don't want to tender shares at 0.25 SU) did not want to sell or need to sell and they are using the 2/3 votes to gain their advantage.... But COS Mgt/BOD has one problem now. A month ago when oil price was still in the 40s, their 2016 Operating Budget till serves as a good argument to ward off low ball because they can say company can survive and even pay dvd at WTI price of 44 US$ hence staying independent can be a viable option. But now that WTI price fell to mid 30 range, it is hard to put forward a business case to justify staying independent. They can say the LOC can afford them to survive for long period, but saying so is one thing, it is still the reality that eating up the LOC is NOT a sound basis for staying independent. In short, I am saying that the recent WTI oil price receding to mid 30s more or less evaporate the option to stay independent.
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