re: Ann: Quarterly Activities Report and Appe... My bets are on IPO with CFE to retain 25%. Tony has on numurous occasions mentioned cash flow of $300 million this financial year. Therefore, raise $400 thourgh IPO, pay us $300 and $100 million for further drilling and studies.
Values new Marampa company(and cash) at $533.33 million... CFE get $300 mllion plus 25% of 533 i.e $133.25 of equity.
Seems like a big ask but i think DMM/AKI was a test case and Tony will have a go at this probabaly at start of Sept quarter - if he doesn"t get an offer before then.
Would be a great result either way for shareholders.
re: Ann: Quarterly Activities Report and Appe... My bets are on...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CLE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.73M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $1K | 1M |
| CLE (ASX) Chart |