JC,
Interesting your twitter man says this when Range released the following:
"The company has been actively marketing the assets for some time and as a result of an asset impairment review completed during the year, the carrying value of the Texas assets was written down to $1 million . The agreement reached maximises the sale value, and release Range from imminent spending commitments in both Texas and Guatemala amounting to more than US$1.5 million"
So, CTR picked up an asset that was marketed globally that no one wanted. Range valued it at $1million though CTR paid: $0.5m cash + $0.83m funding commitment in Guatemala + forego $0.189m owed to them + issued 200m shares at $0.001 + obligated to spend $0.9m in Texas imminently Yes, great deal .
And yet you say in my face? haha good luck
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