CXY cougar energy limited

when will the next capital raising need to be?, page-3

  1. 6,457 Posts.
    lightbulb Created with Sketch. 73
    It all really depends what happens with the following actions against the Company by DERM.

    1. Amounts potentially payable under complaints and summons dated 30/06/2011.

    2. Amounts potentially payable under orders made by DERM for works at Kingaroy under the amended Environmental Authority dated 19/07/2011.

    Point 1 is up to a max of 3x $832,500 or $2,497,500 if the court case goes against them and they are given the max fines on each account.

    Given it's before the courts, they might win and pay nothing, or they might be given a small fine rather than the max., .... who knows. We'll have to wait and see.

    This stuff can be found on page 70 of the Annual Report.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.