Australia's largest stock trading and investment forum Australia's #1 stock forum

ETR RRS

Please note the reserves. They got this as gift IMO. [ATTACH]...

First 28 Last

Share
Profile

Follow
comeinspinner

141 Posts.

23/12/14

23:28

Post #: 14503892
Share

Originally posted by monark ↑

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

Expand

Please note the reserves. They got this as gift IMO.

Cheers

RRS Price at posting: 1.0¢ Sentiment: Hold Disclosure: Not Held

CTR Price at posting: 0.1¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Bitcoin investors need to know the risks

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

There are more pages in this discussion • 58 more messages in this thread...

First 28 Last

Add ETR (ASX) to my watchlist