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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 Pitdiggeron Feb 23, 2020 12:51pm
96 Views
Post# 30722835

RE:Reverse Split

RE:Reverse SplitA :Reverse Split," doesn't always need to be subject to shareholder's approval. Having said that, A "Reverse Stock Split" reduces the number of shares outstanding, which typically leads to an increase in the price per share and doesn't affect the company's value. but instead, it's often done to prevent a stock from being de-listed or to improve and strengthen a company's image within the stock market if the stock price has dropped significantly. Agra's stock price has dropped from $0.86 to $0.09 and ranges from 0.065 to $0.95. The amount of Stock outstanding also plays a very significant role and since Agra has more outstanding stock than literally any weed stock, it would actually make sense for it to perform a reverse split of at least 10 for 1 or even higher. By do so, Agra would gain more attention from market analysts and the bigger house will find it more favorable for their investors. Plus, do not forget that Agra has already been carefully building its foundation for a positive future not only in Canada, but in the UK and Europe. So yes - since I do not engage in pumping a stock for any reason, please consider this to be just my opinion on the question of performing a Reverse Split. But the down side is also that a "Reverse Split," my bring about "Stock Traders" shorting the stock.
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