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27.5¢ clean teq water limited

News: CNQ Clean Teq Water Signs Tech Licence Agreement With Beie, page-8

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tinstuff11

5,464 Posts.

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18/03/24

22:33

Post #: 72950130
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Originally posted by Harrinator: ↑

You might recall the "Schreurs and Sons" MOU, which was part of an ASX announcement. It contained the following sentence: "If the parties are unable execute a Contact of Sale or Partnership Agreement within 90 days, the MOU will lapse."

As we all know, the MOU lead to a contract and later to sales, but this was not announced via the ASX within the given time frame (90 days). The company told me that they planned to announce their success but ASX rejected the ann because this development was expected by the market ( = no relevant new information).

I think this is the case here, too.

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The half yearly does not detail Schreurs and Sons so I expect nothing eventuated
I seem to recall Victoria had a lot of rain during the 90 day period - negating the need to save water perhaps

CNQ Price at posting: 33.0¢ Sentiment: Hold Disclosure: Held
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Last 27.5¢		Change -0.005(1.79%)		Mkt cap ! $19.15M

Open	High	Low	Value	Volume
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