You're correct ! GBR has an option to aquire 75% after satisfying certain criteria.
in a 12 month period.
Bottom line is GBR will do all the work and fork out the coin to do said work.
So CDT recieve $50.000 in GBR shares And GBR spend $250.000 on exploration
If GBR exercise the option after 12 months Then CDT recieve a further $100.000 in GBR shares.
Also of note ! Is that GBR has experience with the tradiional owners of the land
We are expecting the final heritage report soon.
Castle has way to many projects to explore on their own ! I feel this to be a good move !
Leaves us free to focus on Kambale. each to their own
The more succesful GBR is with their projects, The more value we recieve via our holding
cheers!
- Forums
- ASX - By Stock
- Ann: GBR: New gold projects double GBRs Meekatharra footprint
You're correct ! GBR has an option to aquire 75% after...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CDT (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.118M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 16443422 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 6736110 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 16443422 | 0.003 |
13 | 10519009 | 0.002 |
7 | 21785050 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 6436110 | 18 |
0.005 | 11880354 | 12 |
0.006 | 1934595 | 6 |
0.007 | 1394117 | 5 |
0.008 | 1501297 | 1 |
Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
Featured News
CDT (ASX) Chart |
Day chart unavailable