Reincarnation, page-68

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buddy134

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19/04/18

07:23

Post #: 32543413
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Originally posted by eastwest101 ↑

Well - looks like the ex-AOH crew is mostly here, if understandably very unhappy about the turn of events. I just noticed my C6C holdings appear today. Looks like I am now a holder of a mountain of debt in a rather marginal copper mine in Canada, will be interesting to see how the C6C share price action develops over time. Looking at the board of C6C - looks like a lot of ex-Placer Dome guys there - they were part of a company that knew how to develop mines. Hopefully Alastair Cowden will be given a little bit of a budget to do some exploration in NW Qld around the old AOH tenements.

Am going through a similar process with my AVB holding at the moment, seem to have a knack for finding underpriced takeover targets at the moment, but a bit of difference in that the predator in this case (OZL) made a much more reasonable offer and presented some value to AVB holders by not being buried under a mountain of debt.

I think we will see increased action in the copper space (and in other base metals) this year - both in exploration and in some more M&A and disposal and sale of assets.

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They call it copper mountain................ I would more than likely refer to them as a mountain of debt.

You haven't seen nothing yet IMO....................Juts consider the amount of debt they will have to incur to get our mine going.................IF EVER......

C6C Price at posting: $1.30 Sentiment: None Disclosure: Held
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Reincarnation, page-68

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