CXM 16.7% 3.5¢ centrex limited

Ann: Ardmore Phosphate Project - Rejection of Extension Fee, page-13

  1. 7,201 Posts.
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    Pathetic to hold onto a sinking ship.

    If successful, they will renegotiate something better... but not ideal for CXM. Will pay significant legal fees, additional $$ to SCF and focus their work on this rather than the sale and mining of Ardmore.

    Will drain the already low cash at bank balance currently held, may be a lower capital raise from current levels and further dilution.

    I only had a small position, but its now closed and will be moving on.

    Definitely increased the risk on an already risky play.

    Good luck holders. My opinion only.
 
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