Ann: Critical Metals Corp to Acquire Tanbreez Rare Earth Asset, page-48

We shall get a glimpse of TS's business tenets on 20 June.

EUR's last quarterly stated:

On 12 March 2024, it was announced that the Company provided a short-term cash loan of $2,000,000 to Cyclone Metals Ltd (ASX: CLE) (Loan). The loan accrued interest of 10% per annum and is repayable on 20 June 2024. The loan is secured over CLE’s Iron Bear Project. On the same date, the Company entered into a deed of variation in respect to the short-term loan of $200,000 entered into on 13 September 2023 to extend the repayment date to 20 June 2024. Mr Tony Sage is a director of CLE.

So on 20th June shareholders of EUR will benefit from $2,200,000 in cash returned by CLE.

Will the cash be repaid, or will the loan be satisfied by virtually worthless CLE shares?

I don't think we shall see the cash.

Does anybody here think we will?