Post by
Plus12 on May 02, 2023 5:52pm
Commercial Agreement/Lassonde
Lassonde is involved in many mining companies, he's an unpaid advisor to CVW's CEO. He has invested in the company re stock. Look up Foran Mining or Farraday copper and see major shareholders. Commercial Agreement with CNQ in distant future.
Comment by
Arvid77 on May 02, 2023 10:39pm
How distant do you figure? Talking months or years? I can wait, but if it's much more than a year or so, they are going to have to raise more cash.
Comment by
Arvid77 on May 03, 2023 12:08pm
I can understand CNQs reluctance to move ahead though. I mean, how can you expect a company to move ahead with any new initiatives with only $11B in free cash flow?
Comment by
Zeitung on May 05, 2023 7:24am
Since oil sands operators share technology through their industry association, one can imagine CNQ, Suncor, and everal other big operators will eventually apply CVW technology. That is where we make the big bucks. Somebody with financial capacity has to move first
Comment by
Arvid77 on May 05, 2023 12:43pm
Hmmm, who could possibly have the financial capacity to do this? The top 5 operators in the oil sands have a combined $110B in free cash flow in 2022. Should be enough, no?
Comment by
Zeitung on May 11, 2023 10:30am
You are absolutely right plus oil prices are projected to be firm (for what projections are worth). So why is the commercial agreement taking so long to mature? It's frustrating.