just noticed this from OEQ: "in respect of the Company's entitlement to a royalty on production from Paulsens East Iron Project". doesn't make any sense to me:
PaulG -- good find. They must still have an axe to grind over that. In an alternate universe the project gets sold and they are the next Mineral Resources
But back in our universe, the September 2008 Quarterly report showed they had a cash position of $73.5m!!!, with ~$50m of that coming from a placement in July 2008 for $50m at $2.75 a share...15 years later the company has burnt it all and is in debt by $10m despite doubling its share count from 130m to 280m . Someone should write a textbook on this lot.
just noticed this from OEQ: "in respect of the Company's...
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