Maiden Profit, page-3

Important issues to debate as too why share price is lagging at current levels..

First of all the mou finalisation as per announcement is still months away.

SPI/SPM- 79.51% majority holders are the producers until this happens.

Would like to know if CSD( as we have been told they are the owners and producers) is currently paying
The interest in arrears on the convertible note
The interest and costs on the $10m working capital facility
The $500k quarterly payment to the Bank of China
The almost $2m in Mou transaction costs


With the share price at current levels and the fact that there have been around 14m shares traded at around 5c since the mou approval at the EGM there is no certainty that the mou which has many conditions will proceed.

The conditions and terms of the MOU are complex and involve many other OVERSEAS parties all which require the release and transfer of various leases and tenements- etc

14m shares traded is significant especially since the price is close to yearly lows
Why would so many being selling at these prices when it has been suggested that a multi- bagger is certain?
Surely some of the top 20 sellers can borrow at 4.5% or less if they need the money rather than sell out when a 10 fold return is just around the corner..

Secondly the CSD story has been sold to many times via presentations and interviews and management have been in advanced discussions for a while as we currently speak.

Also the priority options were 2/3rds unplaced.

No estimated cash flow has been released for the June 2015 Quarter, yet we still have cash flows being banked everyday..


DYOR and always seek independent advice