CSD has commenced its surge!, page-34

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MinaPlaya

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05/05/15

14:26

Post #: 15220043
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Originally posted by qqqqqqqqq ↑

The latest quarterly includes all production revenues from SPM assets even though the mou has not yet been formally or legally finalised until the transfer of 580m shares plus the convertible note of $16.5 ( another 165m shares ) to SPI takes place

This is now forecast to be 1st qtr 2015/16 financial year

This will mean that CSD has well over I billion shares on issue and one individual 79.51% overseas majority holder once this transfer occurs.

IMO,
What is clever and interesting is that in its latest quarterly report CSD has included all production revenues but as listed below doe not include the real percentage held by the Top 5 holders.

If one is to claim the benefits of assets before payment is transferred then they should include and state the fact that the share registry is not

''Total ordinary shares on issue 279,770,521'' when in reality it will be 1,050billion plus

or
Top 5 Shareholders at 31 March 2014
Shareholder % Of Issued Capital
Snow Peak International Investments Ltd 22.77 ( 79.51% after shares transferred)
ARM (NQ) Pty Ltd 10.42
De Lacey Ralph + Ryan M 5.81
Beacon Minerals Ltd 4.98
Geocrystal Ltd 2.14

Always seek independent advice and Refer to IE report on large majority holders and its affect on investments going forward

DYOR

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How long before the 580 mil shares come out of escrow?

CSD Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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CSD has commenced its surge!, page-34

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