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12.5¢ consolidated tin mines limited

Ralph earned $400-480,000 per year since 2007.Smart tubby man!!!!

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JRPC

1,078 Posts.

146

19/08/23

19:51

Post #: 69436702
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Originally posted by Niente: ↑

It's a real shame it came to this very predictable conclusion.
IIRC CSD paid around 28M for the Auctus assets and have now all but have exhausted easily recoverable metal from them. There are significant environmental issues at all sites of operations including an EPO for Mt Garnet. An aging and dilapidated plant at Mt Garnet with what appears to be fully flooded u/g workings and a part-built tailings dam... It's hard to see much value in this entity in its entirety.

~170M debt there is no way employees, creditors and shareholders will see much of their money at all.
The former enthusiasts of this company have been very very very quiet, but then again, what is there to say?

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Ralph earned $400-480,000 per year since 2007.
Smart tubby man!!!!

CSD Price at posting: 12.5¢ Sentiment: Sell Disclosure: Held
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