CNJ 0.00% 0.2¢ conico ltd

Yep, they don't need much money right now. Remember that CNJ is...

  1. 1,001 Posts.
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    Yep, they don't need much money right now. Remember that CNJ is pretty much a shell company. The strategy: prove up the resource using external consultants (and BAR's experts doing a lot of work too), then do a deal - so partner with a bigger player/or buy debt funding from an off-take partner in exchange for guaranteed supply of cobalt/nickel.

    CNJ is about 40% owned by management - they don't want to issue shares as they know the value once the resource is proved up. Combine this with a very heathy 'sellers market' situation where buyers are begging for supply and you can see how debt funding (stream funding) looks appealing and possible.
 
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Mkt cap ! $2.708M
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0.2¢ 0.2¢ 0.2¢ $290 193.5K

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No. Vol. Price($)
36 74917572 0.1¢
 

Sellers (Offers)

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0.2¢ 4941418 10
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Last trade - 12.09pm 29/03/2024 (20 minute delay) ?
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