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1.05%

9.4¢ cobalt blue holdings limited

Ann: Entitlement Issue Under Subscription and Placement, page-24

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philh9

11,768 Posts.

588

13/06/19

14:12

Post #: 39041733
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Originally posted by prawn_man: ↑

Niraj1980, BPL is contesting the dilution. You may or may not know the history, but COB began as a spin-off from BPL (about 2 or so years ago). The plan, according to the JV Earn-in Agreement, was for COB to earn (in stages from 51% to 100%) by carrying out & paying for the exploration. Once a decision was made about mining, the JV Earn-in Agreement would need to be replaced by a mining agreement. However, things have not gone to plan. So the independent expert will make a binding decision about the way forward. (Also, BPL has a 2% net smelter royalty which I don't think it is being contested, but who knows). Amigo, the JV Agreement is about 50 pages and your interpretation, as a newbie to the process, would be of interest to me and possibly others on this site.

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I will place the agreement here for easy access.

TJVA.pdf

Cheers
Phil.

COB Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 9.4¢		Change -0.001(1.05%)		Mkt cap ! $39.71M

Open	High	Low	Value	Volume
9.6¢	9.7¢	9.4¢	$10.38K	108.7K

Buyers (Bids)

No.	Vol.	Price($)
1	37305	9.4¢

Sellers (Offers)

Price($)	Vol.	No.
9.5¢	15385	3

View Market Depth

No.	Vol.	Price($)
1	37305	0.094
2	41489	0.092
3	59604	0.091
7	157224	0.090
1	23047	0.089

Price($)	Vol.	No.
0.095	13700	2
0.096	70000	1
0.098	1667	1
0.099	55250	2
0.100	56204	2

Last trade - 10.36am 08/11/2024 (20 minute delay)

COB (ASX) Chart