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0.0¢ clancy exploration limited

Ann: Appointment of New Chairman, page-18

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JandJ

5,466 Posts.

477

05/07/17

10:28

Post #: 25672986
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Originally posted by m3ntor ↑

I reckon the market will look at it more that CLY bought the project for:
$10k cash + $30k in CLY shares + $300k if mined + $80k in CLYO's

that equals $420k
which is more than fully funded by Cadence taking up a 10% option for $500k a fortnight later.

so basically, CLY acquired 90% of a high grade cobalt project and made money along the way...

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Thanks mate, you are saying Cadence is buying into 20% of the project - not 20% of the Company??

That is the way it reads to me, just like to hear your thoughts - Thanks

CLY Price at posting: 0.5¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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