Glad some posters are stating that its just an MOU. its non binding so legally not one bit of it is enforceable...
even if it was a conditional tenement sale agreement its still not concrete as there is a due diligence clause. presumably MCC can walk away after conducting DD if they are not satisfied.
one must ask why Ding walked last time - something mustnt have stacked up. let just hope MCC doesnt. IMO the $400m is a great deal for CFE. Magnetite isnt as straight forward as people think. As many have posted CAPEX's on magnetite plays are huge - look at GBG, globe, ARH etc for a few - the projects are into the billions of dollars.
the whispers that i have heard is that CFE will be putting the $$$ into a DSO project in africa.
i will be watching with interest!
somethings gotta give, page-9
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CLE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.73M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $80.35K | 80.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 31658116 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 115578703 | 44 |
| Last trade - 15.55pm 01/11/2024 (20 minute delay) ? |
| CLE (ASX) Chart |
Day chart unavailable