ATR 4.11% 70.0¢ astron corporation limited

Ann: CSAM Convertible Note Extension, page-2

  1. 973 Posts.
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    Further indication that the MoU with UUUU is going well. Extract from this announcement: "As a part of the extension, CSAM has agreed to exclude the tenements of MIN5532 and RL2002 from their general security. This will enable the tenements to be transferred to a newly established entity for the purposes of a Joint Venture under the terms of the Memorandum of Understanding executed on 28 December 2023".

    I also watched an interview 4 days ago by Mark, CEO of UUUU, and he said that the due diligence is going very well.

    Both of these tell me that a deal is likely highly to be struck between Astron and UUUU.

    Next up, debt financing with the Critical Mineral Facility hopefully, and/or loan from local providers.

    I am curious as to how the relocation of the Head office back to Australia is going, this is also a biggie.
    Last edited by Aviza2913: 18/03/24
 
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