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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

Comment by thamthamon Oct 28, 2019 1:31pm
191 Views
Post# 30277252

RE:RE:RE:I am worried, so should you.

RE:RE:RE:I am worried, so should you.
That's how you think or want it to work but that's not how it works. That is essentially just borrowing to enhance their valuation. You can go to a bank and get a billion dollar loan but your net worth is still zero.

If SOW investors that will get their AGRA shares think SOW's valuation is worth half of AGRA's valuation, be my guest and buy more to drive the price up. But don't try to mislead new investors to do that for them, which I have seen some do on social media. Especially when it's still muddled as heck, even I'm annoyed. I wish the shareholders get those shares that they deserved, since I knew some that sold all of their AGRA holdings for that deal.

Anyway, can't have it both ways. If SOW's valuation was to be 50% of AGRA's, you know how much the SP will be to properly reflect that right? We're talking 4x AGRA's SP right now. As long as people think the shares will get distributed like claimed, will be trading somewhere in this range or a bit higher, where it reflects the potential 40 something M of AGRA's that SOW has left. It would go higher if AGRA's MC go higher. I don't think many would risk with their pants down when the shares get distributed.
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