CMD cassius mining limited

Ann: Appendix 3Y x 3, page-5

  1. 1,098 Posts.
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    I look forward to your posts bugs, I don’t take anything personal as we are anonymous and free to interact here on HC. I am curious about one statement in the latest quarterly - Cassius is still on the hunt for litigation funding, same same since 2020. As you say the company has covered all the major legal expenses to date, why do they need third party litigation funding? You also highlighted that the top 20 have enormous wealth to support future share placements, another 25% dilution expected in 2025 making total of 50% dilution in 12 months. It seems to me that cash to pay legals is the company’s main concern, hence shares instead of directors fees, albeit at 1.5c. I think there is much more legal costs ahead and into the millions even before the hearing in 11 months.
 
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