Just a recap for anyone checking in:
CRL cannot relist without doing a capital raising. They have no money, and the ASX does not allow you to list with no money. There is a zero chance this will happen this financial year - so no 30th June write-off's
Its now about how they will raise the money -pimp up their existing projects? Find a new one? And - the macro environment for raising money is the worst it has been for years - which was one of the reasons the other deal didn't get up (as well as it being a bad project!).
- Forums
- ASX - By Stock
- CRL
- Ann: Mount Margaret Copper Project update
Ann: Mount Margaret Copper Project update, page-125
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)