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36.5¢ nzuri copper limited

Regardless of the discount, this is a great outcome. No issue on...

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bbrock56

214 Posts.

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14/12/17

00:56

Post #: 29614712
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Originally posted by pcs007 ↑

i did suggest a capital raising was coming but got bagged for my "negative comments". anyway, it is here and by my calcs at ~25cents per share (31% discount to last price). good news is that funding risk is removed so onwards and upwards.

Dec 13 (Reuters) - Zhejiang Huayou Cobalt Co Ltd :
* SAYS UNIT INVESTS A$10 MILLION ($7.56 million) IN NZURI COPPER LTD FOR 14.8 PERCENT STAKE, WILL BECOME NZURI'S SECOND BIGGEST SHAREHOLDER Source text in Chinese

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Regardless of the discount, this is a great outcome. No issue on funding anymore and Huayou with plenty of skin in the DRC (recent $13m AVZ investment @ 7c). Welcome to the register

NZC Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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