CBX looking to raise funds MTE said they will help them but seems wasteful in the current state. Best thing is to merge and get the ball rolling.
The DSO will most likely be sold at a discount to the beneficated product so waiting for the costings on that.
I like the project and no doubt there will be more on the boil with other bauxite plays but at the moment its like a stalemate . MTE have the funds and would get additional shares if they were to help out. Dont know why CBX want to hold out.
CBX Price at posting:
3.4¢ Sentiment: None Disclosure: Held
MTE Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
