OK so we've bought 40% of Red Fox for $600k. RF is unlisted so it could be a stranded investment if it doesn't hit paydirt.
Maybe the longer term play is to vend the other 60% of RF not already owned into CML for some shares in the future.
Overall don't mind the sound of this development, but agree a CR might be in the wings.
Hope RF's got money.
Ann: STRATEGIC INVESTMENT IN RED FOX RESOURCES, page-5
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $53.99M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.2¢ | $1.127M | 50.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 4969948 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 3045000 | 3 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| GCM (ASX) Chart |