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