JC, Interesting your twitter man says this when Range released...

  1. 7,877 Posts.
    lightbulb Created with Sketch. 481
    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
 
watchlist Created with Sketch. Add ETR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.