Ann: Suspension from Quotation, page-185

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jefferies2

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13/02/24

11:55

Post #: 72377922
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Originally posted by Beton2: ↑

The reason for the postponement is that EUR and Sizzle are engaged in negotiations regarding potential investments from investors in connection with the closing of the Proposed Business Combination.This is a new extension and a new reason. This is more money coming in. The previous $10M USD has been reported already. This is additional money.
We will see what eventuates.
The redemption's are another matter and are understandable. These are smart savvy investors and they can smell easy money. The PIPE was given a golden "how do you do" and have shares that they can dump in 60 days for a bonanza payday. There is every chance that the share price will drop so it is better to get $11.05 now guaranteed and have money in hand. Maybe they will buy back in. Who knows. At present Lithium is in the doghouse. EV's have shown there Achilles heel in cold weather. This has been recognized and will be rectified. There are already batteries that keep themselves warm. It is just a cost thing that was avoided.
The vote will happen and will be positive.
Post Listing CRML can start getting the mine into production. This includes lining up funding to support the current funding.

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No, this is a new extension and an old reason.

The same reason given for extension after extension.

EUR Price at posting: 8.6¢ Sentiment: Hold Disclosure: Held
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Ann: Suspension from Quotation, page-185

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