CRL 0.00% 2.0¢ comet resources limited

Ann: Mount Margaret Copper Project update, page-125

  1. 592 Posts.
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    Just a recap for anyone checking in:

    CRL cannot relist without doing a capital raising. They have no money, and the ASX does not allow you to list with no money. There is a zero chance this will happen this financial year - so no 30th June write-off's
    Its now about how they will raise the money -pimp up their existing projects? Find a new one? And - the macro environment for raising money is the worst it has been for years - which was one of the reasons the other deal didn't get up (as well as it being a bad project!).

 
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Currently unlisted public company.

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