CRL 0.00% 2.0¢ comet resources limited

Should the deal fall through, this stock does not have a lot...

  1. 218 Posts.
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    Should the deal fall through, this stock does not have a lot going for it. We would have to meet ASX re-quotation requirements and who knows how long that would take? Barraba is a lost cause if Comet does not meet the expenditure requirement by March 2023. So if by March 2023 we have not relisted for quotation, there is no Barraba, no ST, no Mt Margaret, there is only the NT prospects. There's basically no cash left in the coffers ($500k as of last quarter) and the company still has to cover costs relating to advisors amongst other things re the Mt Margaret deal. And yet you all still think this will be 3c? In some cases I've seen users say 4-10c? You lot are dreaming, this will go <= 1c
 
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Currently unlisted public company.

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