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

Coniagas Battery Metals Inc. > Anyone think the deal is going to happen

<< Previous

Bullboard Posts

Next >>

Comment by Miranon Dec 22, 2015 3:03pm

217 Views

Post# 24405828

RE:RE:RE:RE:Anyone think the deal is going to happen

Miran wrote:

Miran wrote:

FootballFan1 wrote:
I don't know if a deal will be made, but I suspect if COS shareholders vote no to the 0.25 SU bid or SU withdraws the offer, COS's share price will likely fall below $7, maybe even to $6 or less........COS was trading at around $6 per share before the hostile takeover offer was revealed by SU, and oil has languished since then, so perhaps $7 is optimistic should the deal not go through....?.......I doubt COS management will have a superior competing offer to present to shareholders by January 4, so they would have to argue that it's worth it to have the COS share price get clobbered and hold on as an independent company (this way, they can continue collect their salaries, etc.)

I am thinking that with the discount spread this isn't going to happen. I'm a bit in the red on my latest trades, but made a few bucks when it was first announced.
I think I am going to sell tomorrow even at a small loss, this has me rattled.

Sold half of my holdings...waitng for another little pop. Sorry Guys to risky for such little gain.