CLE 0.00% 0.1¢ cyclone metals limited

Should we be able to vote on what the 44million CFE shares are...

  1. 1,573 Posts.
    Should we be able to vote on what the 44million CFE shares are valued at as well??? Particularly considering CFE's current cash position?



    "the Company has also been granted an exclusive option to invest further in the
    Marampa Project by acquiring from African Minerals the outstanding shares in
    Marampa, resulting in Marampa becoming a wholly-owned subsidiary of Cape
    Lambert,

    at a price of US$200 million, less the aggregate of
    (i) US$25 million and
    (ii) the value of the 44 million Cape Lambert shares (to be issued) as at the date of closing of the transaction.


    The option may be exercised at any time during the
    feasibility study period and for a period of three months immediately after its finalisation;"
 
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