Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 6:55pm
117 Views
Post# 30278737

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

RE:RE:RE:RE:RE:I am worried, so should you.
You're correct with the numbers at the moment if the 490M is indeed correct so I'm confused as to why you disagreed with me. For the record, I didn't say it was you that tried to mislead people.

Either they (SOW) have 490M shares or have 45M shares of AGRA. If the shares are to be distributed, their true possession of AGRA shares are 45M. And that's what the market will value them based on that. To put it another way, they owed their shareholders those AGRA shares that must be paid, so will have to deduct from and get their true worth. Why I used loan concept as example.

Let's put your logic to work. Okay, before distribution, the SP should be trading just above $1 based on that 118M FMV. But then after distribution, the SP will be crashed back to like roughly a bit under the current SP of .125 based on 11M FMV.

Your logic tells me you think at the moment, even buying at $1 now is still good because it will even out at the end even when the SP crashed back down to $0.10 since you get compensated with AGRA shares but is it as simple? You buy $1000 worth of shares at $1 each. So you get 1000 SOW shares and compensated 1150 AGRA. Crashed down to $0.10 after distribution. Now, the SOW shares net you $100 and AGRA shares net you $276, with a total of $376. How about your friend spent the same $1000 at $0.20 each? He gets 5000 SOW and 5750 AGRA. You see, the total compensation may be that and will even out overall, but individual buy and compensation vary greatly based on the bought in SP. Some could lose big while some others could win big.

If that's not what you were trying to say, my bad.
<< Previous
Bullboard Posts
Next >>