CLE 0.00% 0.1¢ cyclone metals limited

Ann: Completion of Sale of Leichhardt Project , page-3

  1. al1
    2,005 Posts.
    lightbulb Created with Sketch. 31
    looking a lot better now

    "Executive Chairman Tony Sage said “With this transaction now complete Cape
    Lambert will have available cash reserves of approximately A$35m"

    also
    some more cash still to come

    Additionally, the Company will have A$5.6million of environmental and cash
    bonds returned to it over the next month plus transitional funding associated
    with the Leichhardt Project from 1 May 2013 until completion.

    on top of this
    IF this sale comes off
    then CFE is way in front

    march 14 2013

    Cape Lambert appoints Deutsche Bank AG to sell
    Mayoko royalty
    "Global investment bank Deutsche Bank AG mandated to manage
    sale of royalty for Mayoko Iron Ore Project in Republic of Congo.
    ? Internal valuation on royalty for the Mayoko Project of between
    A$55-114M."
    as for the MCC funds owed

    it will happen when it happens..
    for me i have attributed no value to the mcc debt for now

    with these funds now in the hands of CFE...the company is in a stronger position and no longer has to fund Leichardt......




 
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