CBE

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5.1¢ cobre limited

What’s CBE Worth, page-779

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hkhf

2,122 Posts.

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28/08/22

23:28

Post #: 63371892
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Originally posted by hkhf: ↑

I believe this General Meeting was scheduled (in plan in advance) in order for the SHs to approve the "Initial Acquisition" (which is GBP £750,000 in cash) as per the ANN of 16 June 2022:

"......
• Cobre (or its nominee) will initially acquire 24.5% of the shares in KML from Metal Tiger
(increasing its interest to 75.5%) for a total cash consideration of GBP £750,000 (Initial
Acquisition);
...
Cobre proposes to fund the Initial Acquisition using its available cash reserves.
......
"
https://hotcopper.com.au/threads/ann-cobre-signs-share-purchase-deed-to-acquire-100-of-kml.6796279/

And the 2nd acquisition after the "Initial Acquisition":

"......
• Metal Tiger will grant Cobre a call option for it (or its nominee) to acquire the remaining 24.5%
of shares in KML, exercisable for either GBP £750,000 cash or the equivalent in Cobre shares,
for a period of 12 months after completion of the Initial Acquisition (Call Option), providing
Cobre a pathway to 100% ownership of KML.
......
"
I think it is quite clear in the agreement (as well as in the below Martin's Paydirt interview)?

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Please ignore my post above. Yes understand the fact that we haven't received the notice of GM yet..

CBE Price at posting: 56.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.1¢		Change -0.003(5.56%)		Mkt cap ! $16.88M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.1¢	$15.59K	299.6K

Buyers (Bids)

No.	Vol.	Price($)
1	15683	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	92592	1

View Market Depth

No.	Vol.	Price($)
1	15683	0.051
2	120000	0.050
1	100000	0.047
1	10000	0.046
1	300000	0.045

Price($)	Vol.	No.
0.054	92592	1
0.055	223961	3
0.059	302937	3
0.060	100000	1
0.065	21269	1

Last trade - 15.05pm 09/08/2024 (20 minute delay)

CBE (ASX) Chart

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