At least there is an update but oh boy, plenty to unpack but don't have the time and isn't my holding.
A bit concerning the stock they are valuing at 1.3M now with a low of 580k - tbh i would use low estimate as management havent been good on forecasting but it is on record with asx, so asx must be okay.
However this could be all take by NW Ag Solutions with a 575k USD (approx 855k AUD) AND the landlords over missed rental paymentS - which they havent disclosed how many payments behind.
I guess it is good the board are putting up money and appear to be trying to work with the asx with meeting in Perth and Sydney plus coughing up their own money as loans, one can convert at 2c with approval which is nearly 50% discount before the TH happened but who knows where it would land now.
Still 3 weeks before trading might happen.
CLI Price at posting:
3.1¢ Sentiment: None Disclosure: Not Held
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