the new acquisition is a DSO operation.
It should be viewed on its own, as how to inject a bucket load of positive cash flow into the company, after a low capex start.
Company has 26m cash, trading below cash backing, and going to be able to use that cash to make more cash. Low capex, might get away with some debt funding as well.
The very reason that strauss gave up - long cycle path to oxley? , perhaps is the reason why they have acquired this.
The fog of unable to present their Oxley scoping study because of asx regulations requiring an indicated resource at his time.
SO now they acquire this DSO rock phosphate gem. Hello !!!
I have heard from the company rep, that they are redoing their presentations for the two projects in mind.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.74M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| CXM (ASX) Chart |
Day chart unavailable