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dealer81

173 Posts.

88

12/04/24

12:30

Post #: 73313671
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Originally posted by dealer81: ↑

I couldn't tell you exactly what the liabilities are right now. I was looking at an old post where I mentioned that Pyke Hill was worth at least $10 mil and we had $4.5 mil in liabilities. I honestly can't remember where I got those figures, I think it was from a phone call with Randal early on. But a lot has happened since then. The legal action to get Pyke Hill back on our books went on for ages. The court has ordered costs to be paid which means we shouldn't be in much worse financial shape now than when this all started. It's all going to come down to the sale of Pyke Hill. I know Randal has no intentions of selling it at a discount so it may take a while to off load. But this will ensure a decent return for shareholders and I am happy to wait as long as it takes.

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And no, no intentions to relist. In Randal's words, "that ship has sailed"

CGM Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
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