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12.5¢ consolidated tin mines limited

Meteor, Taking a licence, I don't think so, there was a...

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js2010copper

1,527 Posts.

46

27/12/15

16:39

Post #: 16689290
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Originally posted by Meteor ↑

JS, I do not think that "funding discussions" are an issue now.

As part of my analysis I summarised the key aspects of the three relevant ann as follows:

"Consolidated Tin Mines Limited – Request for Trading Halt
Pursuant to ASX Listing Rule 17.1 Consolidated Tin Mines Limited (“Consolidated Tin” or “the
Company”) requests a trading halt on its securities as a review of the Company’s operations
including the acquisition of the assets of Snow Peak Mining Pty Ltd (“SPM”) is undertaken. The
settlement of the Asset Sale Agreement entered into with SPM and Snow Peak International
Investments Limited has not yet occurred as a number of conditions precedent still remain
outstanding.

In conjunction with the review the Directors are also considering the Company’s short term working capital requirements. The outcome of the review and funding discussions is material to the company.

Consolidated Tin Mines Limited – Request for Voluntary Suspension
We refer to the trading halt granted to Consolidated Tin Mines Limited (“the Company”) on 21
December 2015.

Pursuant to ASX Listing Rule 17.2, the Company requests a voluntary suspension of its securities from ASX from the commencement of trading on 23 December 2015.
In accordance with ASX Listing Rule 17.2, the Company provides the following information regarding this request:

1. The reason for the voluntary suspension is for the Company to manage its continuous
disclosure obligations whilst finalising the review of the Company’s operations including the
acquisition of the assets of Snow Peak Mining Pty Ltd (“SPM”).

Consolidated Tin Mines Limited –Voluntary Suspension
With respect to the voluntary suspension granted to Consolidated Tin Mines Limited (“the Company”) today the Company advises that given the difficulties associated with the Xmas/ New Year period and to allow sufficient time to consider all options, completing the review of the Company’s acquisition of the assets of Snow Peak Mining Pty Ltd (‘SPM’) will take longer than originally contemplated.

The company requests that the voluntary suspension be extended until Friday 8 January 2016 or when an announcement regarding the acquisition of the SPM assets is released to the market."

IMO, the funding issue was resolved during the TH or, at the very latest, by the end of the initial suspension. If it was still material they would have mentioned it in the suspension anns or, at least, worded the second suspension ann a bit differently. There is a subtle difference between the wording of the first and second suspension anns. Some might say I am taking a licence in drawing that conclusion but I do not think so.

All IMOO and pls DYOR!!

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Meteor,
Taking a licence, I don't think so, there was a difference. I hope not an,

I just want to get out of here for Xmas drinks moment.

Would it be a bit quick for a funding resolution almost not worth mentioning in the first place, we have had such poor caps in the past!

Material implies we don't need to spend 2 months asking shareholders to stump up.

CSD Price at posting: 3.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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