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Gaintrader

02/25/14 7:19 AM

#1019 RE: Meyer #1018

You got it on all points, and what Carnac is seeking to do is to replicate the EXK story with this source of gold/cash flow production. Canarc owns some very respectable assets themselves, that could be a lot closer to production, if management wanted to simply use dilution as a tool to achieve their goals. As major shareholders themselves, Canarc's management team is very cognizant of respecting how and when to utilize their equity. This transaction if closed should be a "win/win" for all involved, IMHO

Go $MXOM & $CRCUF!
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eom7

02/25/14 8:22 AM

#1021 RE: Meyer #1018

All 3 points are spot on - nice insight.
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Gaintrader

02/25/14 8:36 AM

#1022 RE: Meyer #1018

PS. Canarc is also listed on the Frankfurt exchange as "CAN" too.