ASX 0.97% $64.32 asx limited

cheap zinc play plus 8.7m fwl

  1. 13,749 Posts.
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    Last chance cafe.

    I have emailed my Great Great Grandma & told her to empty the biscuit tin & get on board. She is a touch slow on her feet but quick with the buy orders, that is when she remembers how to work the mobile phone.

    Comet listed on the Australian Stock Exchange in 1994. The Company discovered and studied the Ravensthorpe Nickel
    Project which is now part of a 2.2 billion dollar project being developed by BHP Billiton. In 2001 Comet successfully sold
    its final equity to BHP Billiton and returned to Comet shareholders $32 million. Comet has a number of exciting projects
    that it is currently exploring and advancing. Comet has cash assets of approximately $2.5 million, 8.7 million Ferrowest
    shares 0.5 million Prosperity shares, and has approximately 68 million shares on issue.

    Being smart operators the CRL boys would have taken up the FWL options & possibly taken profits in the recent run of FWL to add to the kitty for more drilling at Browns reef where they have heaps of rather deep, low grade zinc with silver/lead credits. The CRL owned FWL shares are out of escrow very soon.

    8.7m FWL approx $6.7m

    (say) 2, FWLO approx $2m

    0.5m PSP approx $0.7m

    CRL get a $300k funding from the government for their Enviromental Oil solution project.

    (say) in the bank $2

    Total value of the above is $11.7m & CRL has a mkt cap of $11m after some canny buying today.Did GGG find her phone?



 
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Last trade - 16.10pm 06/05/2024 (20 minute delay) ?
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