CXO 3.23% 9.6¢ core lithium ltd

Ann: Issue of Placement Shares and Remuneration Securities, page-33

  1. 233 Posts.
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    Hey wenty,
    Remeber this little gem you found a while ago?

    Sichuan Yahua Industrial Group Co Ltd :Says it plans to kick off lithium production line project with investment at 500-600 million yuan ($75.44-90.53 million).Says it plans to boost unit's registered capital to 200 million yuan form 9.0 million yuan previously.

    If they are talking about cxo the 9 million yuan is equivalent to $1.8 million aud which is 200k off the amount of the Yahua placement.
    So if they are boosting our registered capital for 200 million yuan which is equivalent to $39 million.
    This could possibly be in the form of a prepayment to help fund start up operations cost?
    As they have mentioned they may assist in funding the project aswell.

    All should be clear shortly we've all been waiting a long time for these offtake details lets see what they've done!
    Gltah cheers
 
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