ANS : will we fold or fly?, page-637

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Praetor

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15/03/23

03:31

Post #: 66768127
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Originally posted by tolate: ↑

Well this company announcement doesn't agree with you,you trying to buy some cheap...lol

CCCM is a company duly incorporated under the laws of Hong Kong and domiciled in Hong Kong.
CCCM is working with significant world leading Chinese entities and state-owned enterprises with a
goal to acquire, develop and operate mining projects in Africa, in particular in West Africa (the
“West African Project”).
In our update from Nov 29, 2022, we stated that AustSino had signed a non-binding MOU with
CCCM and that amongst other things, the MOU further acknowledges that CCCM is also working
with significant Chinese partners (which include large Chinese state-owned enterprises) to acquire
and develop the West African Project with a view that these partners will be direct equity
participants in the West African Project.
Importantly, the Company expected that each equity participant would take a minimum equity
investment of 5% in either the infrastructure part of the project or the overall West African Project.
It was expected that there will be between 2 to 4 equity participants.
We can confirm that CCCM have informed us that 3 large Chinese state-owned enterprises have now
signed non-binding MOU’s with CCCM. A key term of these MOU’s is the requirement to make a
minimum equity investment of 5% into what is an estimated $10B USD Project

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Damn right. 10 years ago it was merely Oakajee, now it’s the West African Project. Plenty to be hopeful about. I’m excited for 2023. The sooner the better, but they ain’t giving out the winning lottery numbers before the draw. Go Ding & Co.

China <> Africa, the new global play.

ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
7 Upvote

2 Great analysis

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ANS : will we fold or fly?, page-637

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