CLE 0.00% 0.1¢ cyclone metals limited

Ann: Sale of Leichhardt Project for A$25million , page-7

  1. al1
    2,005 Posts.
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    re: Ann: Sale of Leichhardt Project for A$25m... cfe paid $7.5M for the old matrix asset....
    this deal returns up front $10M Now

    the balance of $15 M in 2014 subject to the stated conditions....

    so they have not disclosed the buyer...not until due dil is completed and the deal is signed and binding.......

    I guess the buyer may not want their identify revealed till the final contract is signed.....must be a condition of the sale.....
 
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