info to form part of that but wonder if this is correct? was not chinese offer a better offer at well over 100mil? would consider $5mil left in bank enough to continue drilling exploration as per usual? what amount do folks think? maybe 8 to be sure for a couple of years? depends on how muchdirector want to stay in their well paid jobs.
post return of capital.... shareprice? 6cent?
""".....cash versus Fenix scrip) the Company has assessed that the post-tax cash available upon Completion of the RRJV Transaction will be approximately A$68 million. This cash will enable CZR to develop its Retained Projects without the need for dilutive capital raisings. The receipt of the cash consideration from the RRJV Transaction compared to Shareholders receiving Fenix Shares reduces CZR’s and Shareholders' exposure to capital and commodity markets associated with the receipt of Fenix Shares in a highly volatile period. The cash consideration also allows CZR to assess new business opportunities and/or consider a return of capital to Shareholders from any surplus cash; and (d) (No Superior Proposal has emerged) Since announcement of the RRJV Transaction on 11 April 2025, no Superior Proposal has emerged. The Company has already been subject to a number of transactions and proposed transactions, including the takeover bid pursuant to the Fenix Offer (announced on 25 February 2025) and the asset acquisition by Miracle Iron Resources Pty Ltd (announced on 11 January 2024). The RRJV Transaction has been the best offer received by the Company to date, Fenix did not exercise its matching right when notified of the RRJV Transaction (announced by Fenix and the Company respectively on 17 April 2025) and there is no certainty that any Superior Proposal will emerge.
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