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13/03/19
21:52
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Originally posted by eshmun
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"The Company intends to use the expertise of Macquarie Capital (Australia) Limited to assist the Board in responding to any approaches from suitable parties who may be interested in acquiring the assets of the Company or the Company as a whole."
I thought that Macquarie were the company's bankers not their realestate agents.
If the funding package has lapsed or has been terminated or is no longer avaiable to draw upon we need to be told that as soon as this event happens/ed.
I'm not going contact the circus masters, maybe someone else might ask them what happened to the funding package and when construction at Bibra is going to start.
I had speculated earlier that RRL wouldn't necessarily want the funding package as they intended to relocate the Moorlart Well mill. RRL are probably not ready yet so will let CMM sweat it out until they are.
RRL's cajones are about 100 x bigger than CMM's, ie $206.7 million cash and gold at bank vs $2.165 million and without the funding CMM will feel the weight of them balls. Esh
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Esh this is just a long way of saying that we can't trust the current board to act in the interest of all shareholders. They had a really simple job to do (auction off CMM to the highest bidder) and they have decided to start playing games.