CLE 0.00% 0.1¢ cyclone metals limited

Nice find Speccie.I'm just a newbie to CFE and found an old...

  1. 39 Posts.
    Nice find Speccie.
    I'm just a newbie to CFE and found an old article re Lady Annie. I wonder how difficult the 'milestones' are to achieve and therefore receive some or all of the $5 million?

    June 1, 2010
    Sydney Morning Herald

    "Cape Lambert Resources Ltd has completed the sale of its Lady Annie copper mine in Queensland to Hong Kong listed China Sci-Tech Holdings Ltd, receiving about $132 million after various settlement adjustments."

    "The company may also receive up to a further $5 million in deferred payments subject to ... certain production and reserve related milestones being achieved."

    Jester
 
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