Really all you have to do is be able to read and do a bit of your own research.
Today's CAI announcement:
"On completion of the Acquisition Agreements, Calidus will:
.....
• assume all rehabilitation obligations in respect of Millennium and the Tenements which Novo reports as
approximately A$45M in their June 23 balance sheet. This amount includes full removal of the plant,
accommodation and associated facilities. This infrastructure is considered critical to any re-start scenario and as
such, will only be rehabilitated at end of mine life. In addition the re-sale value of these assets will be used as an
offset to these costs. As most deposits are open at depth and many were not mined past the oxide layer, Calidus
believes a large number of these deposits may be suitable for the sulphide strategy and will address mining
rehabilitation as these deposits are mined as is standard practice in Western Australia."
Today's NVO announcement:
"Through this agreement, our financial position is improved with the removal of the existing rehabilitation liability of approximately A$45 million from our balance sheet"
I suppose it's just a matter of perspective. One man's grateful assumption of a liability and the other man's gratitude that he is no longer on the hook for that same liability. Who comes out ahead? Well, who knows,
- Forums
- ASX - By Stock
- CAI
- Ann: Calidus buys Nullagine Gold Project & enhances cash position
Ann: Calidus buys Nullagine Gold Project & enhances cash position, page-17
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CAI (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.67M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CAI (ASX) Chart |
Day chart unavailable
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online