OK so we've bought 40% of Red Fox for $600k. RF is unlisted so it could be a stranded investment if it doesn't hit paydirt.
Maybe the longer term play is to vend the other 60% of RF not already owned into CML for some shares in the future.
Overall don't mind the sound of this development, but agree a CR might be in the wings.
Hope RF's got money.
Ann: STRATEGIC INVESTMENT IN RED FOX RESOURCES, page-5
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