Ann: Mt Cattlin independent review supports near term production, page-8

First 8 Last

Share
Profile

Follow
renes

1,286 Posts.

12

13/10/15

10:49

Post #: 16164593
Share

Originally posted by newo ↑

Just BPAY my entitlement

From todays ann.
"For clarity, the results of the Review are for 100% of the Mt Cattlin Project. GMM has the right
to acquire a 50% interest in the Project, for which it has agreed to pay a total of $25 million. $7
million of this is payable in upfront capital contributions to recommence production at Mt Cattlin
by 31 March 2016, with the balance of $18 million being payable in deferred consideration over
a period of three years"

So GMM just raised $5m & by 31 March 2016 will have to have payed the total of $7m for upfront cap costs.

Will have to wait for confirmation & size of off-takes to add to calculations but at $250m npv discounted we are still under valued against peers. Just got to get the word out some more & confirm off-takes & we should see a full value.

Will wait until off-takes ann. before contemplating selling any of these

DYOR

Expand

You know if you people stop selling this would blow past 20c. Can you not see there is almost nothing available after 15c. Clearly someone is accumulating, make them pay a higher price.

GMM Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

DRO

History repeats for DroneShield investors but carnage so far subdued

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

AII

A new NASDAQ listing for a key player in the global critical minerals space

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

HotCopper Highlights: Trigg; Droneshield; Lumos & more

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Mt Cattlin independent review supports near term production, page-8

Top Stories

History repeats for DroneShield investors but carnage so far subdued

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

A new NASDAQ listing for a key player in the global critical minerals space

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Featured News