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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 Jan 08, 2016 11:47am
110 Views
Post# 24440326

RE:A question

RE:A questionSay if SU hostile takeover failed and COS falls to 6$ (just assumed), SU had x% COS shares they purchased from open market via brokers...SU also had on hand y% COS shares tendered for 0.25 SU deal...It is unlucky x + y < 67 %.. su can't do the 0.25nsu stock exchange for the y% ccos shares if the deal failed.. back to his own x% shares, oops, they will be just like any of cos shareholders suffering a loss of its average cost - 6 $...say if his av cost is 8$ and su has 30m shares, they will have a capital loss of 60 m.... perhaps they might want to keep the 60m cos shares forever and ask for a board director seat like icahn...(haha) 67="" %..="" su="" can't="" do="" the="" 0.25nsu="" stock="" exchange="" for="" the="" y%="" ccos="" shares="" if="" the="" deal="" failed..="" back="" to="" his="" own="" x%="" shares,="" oops,="" they="" will="" be="" just="" like="" any="" of="" cos="" shareholders="" suffering="" a="" loss="" of="" its="" average="" cost="" -="" 6="" $...say="" if="" his="" av="" cost="" is="" 8$="" and="" su="" has="" 30m="" shares,="" they="" will="" have="" a="" capital="" loss="" of="" 60="" m....="" perhaps="" they="" might="" want="" to="" keep="" the="" 60m="" cos="" shares="" forever="" and="" ask="" for="" a="" board="" director="" seat="" like="" icahn...(haha)="">
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