Here is a thread just to talk about these things:
Excuse me while I removed your opinion-based facts.
1- 79.51% majority holder
2- 610m shares coming out of escrow deemed purchase price 5c in 22 months
3- funding will be required going forward
1. SPI, which is controlled by Mr Tong, not owned as stated by the IE report, has spent over $45 million on the operation so far and what have they obtained? CSD share at various amounts from 10 to 5 cents. They will not make anything unless we obtain dividends or more importantly the share price appreciates. Their 'crappy' little CSD shares will return their money, plus a whole lot more, no doubt about that.
2. 610 million share only leaves 280 million for 22 months. The zinc price and future tin production is planned to get a move on well before that time, which means CSD will be worth the most just before escrow. Plus, no doubt other plans are a foot with reducing SPI's amount, possibly selling it to Yunnan Tin for a share in the project. (Although that is just my little hunch).
3. Funding is not required BUT desired going forward.
Business needs money to grow to make more money. This is money needs to be at a greater rate or it is not worth doing. Yes, CSD is producing and making money to grow but it is less significant than $30 mil after production costs average annual projection, as shown by the PFS.
Lastly, anything I have not substantiated is my opinion or can be substantiated. Please ask me before reporting me and destroying the flow, like we were once all told to do by a moderator.
;-)
Some people thrive on crashing other people's dreams... Surely you'd have to question their reasons why.
Here is a thread just to talk about these things: Excuse me...
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