flyingdoc,
It's just another AKI type opportunity that has presented itself for us to monetise!
ie; it's an early stage potential lithium deposit - needed finance to prove it up, do a Feasibility, JORC, develop an underground mine, and sell lithium in the hopeful competitive rare earth market.
So we've essentially brought into an under-developed Company (with debt) that needed to develop a Project, and needed some strong technical and financial support from which Sage/CFE can provide.
GSZ paid off its debt for an equity swap from its financiers, and together with CFE control now more than 50% of the Company = controlling the Company.
So .... for a little less than $2m we now have a controlling interest (with the financiers) & full control in a Euro lithium potential mine.
This IS after all TS/CFE's business model and this opportunity fits RIGHT IN with it imo; and if it didn't then TS would never have bought into it ... and remember that in line with the business model, we make the money WHEN we buy!
I know the following clip talks about AKI, but it talks about our business model fyi and is very much worth listening to:-- http://media.smh.com.au/business/ceo-interviews/cape-lambert-paying-dividends-2759294.html
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- gsz?? could be worth a look
gsz?? could be worth a look, page-7
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