CTL 0.00% 0.9¢ centennial mining limited

we are getting nothing, as in zip, zero, zilch .... no matter...

  1. 1,190 Posts.
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    we are getting nothing, as in zip, zero, zilch .... no matter what! If the DOCA goes through we get nothing. If it gets liquidated unless there's some miracle we get nothing as secured creditors, staff, administrator fees etc etc all line up before shareholders and unless they get more than about $16million then we are out of the picture because all debts etc add up to about that.

    Valuations for liquidation are under that $16million too, and was more than one valuation. There was also a comprehensive mining report and it stated that die to the geology that if you did drill it and did not drill closer than 17m apart you had no grade control. So any buyer would think of the size of the drilling campaign required to pinpoint the resource to get the AISC down.

    The 444GA action is to turnover all shares to the company as part of the DOCA deal. Yep, were all fooked!
    Last edited by JoeBlow: 02/10/19
 
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