Ann: Trading Halt, page-13

Those 1st and 2nd tranche refers to further share issues to those vendors 50 million each issue and yes has conditions DFS and MPSA
I have not seen any announcement that says hole MCB 039 has been started ?? I saw mention of a planned hole.Not that they would always tell shareholders what they are doing.
At this issue price of 1.3 c that says management have put a MC on the company of just under $16 million so makes this Anleck deal way over priced so perhaps they better think again about all these other payments yet to be made 100 million shares plus a royalty.
So far CLA has spent 5 +6+3 and now 2 million on MCB meaning MC is only equal to the outlay then zero for Opuwo and others so looks like it was overpriced and management ( who are also the vendors) have failed to enhance share holder value. I reckon this conflict is not in the majority of shareholders best interests.