Chibougamau Independent Mines Inc V.CBG

CBG on the Radar

[osprey18]

Was reading through a past news release and saw interesting comments regarding other companies looking to acquire some of CBG'smproperties or CBG itself.  See excerpt below from Feb. news release.

"...Of note, Chibougamau was approached by several companies that are interested in acquiring Chibougamau’s properties or the Company as a whole.  None of these lengthy discussions led to an acceptable proposal, thus our decision to resume testing targets defined by our previous work...."

[SuneeDaze]

Thanks for sharing.  As a shareholder, it's nice to know that your company and its assets are coveted by other companies.

[SuneeDaze]

Provides options as well for CBG.  I counted 17 different properties on their website.  They could easily option off some of them, retaining an interest as well as option payments of some kind.  Allows assessment work to be completed, some cash, less dilution and fewer headaches as the optionee works the property.  Mind you, a company could always buy in and let CBG do the work

[osprey18]

It could sure be a cheap acquisition for another company.  17 properties, a handful (5 or 6) past producers, couple other properties with outlined resources and you pretty much have the Chibougamau mining camp covered.  With the share price where it is and under 50 million shares, a mid tier co. Could scoop up CBG for 7.5 - 10 million or 0.15 - 0.20 per share.  When you look at it

[alfhope]

Do you really think Jack Stoch would sell only one share at these levels ? Never.

[SuneeDaze]

Exactly.  But the fact that other explorecos./miners have shown an interest in CBG's properties or acquiring the company as a whole speaks volumes about the quality and potential of our projects...and it provides and yet another positive fundamental reason to invest in CBG...buy shares in a company that other companies want!  Any potential jvs, or outright sale will only enhance