CDT 0.00% 0.2¢ castle minerals limited

Ann: Quarterly Activities Report, page-27

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  1. 4,793 Posts.
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    Good news for CDT..

    With the final execution of AZM funding deal and Right issue end Friday, it seems AZM is embark on a advanced stage to move forward substantially. ...

    No drama/no dealy for the $17m deal..

    No extention for the right issue given Patterson fully underwrite...

    All the above shown strong confidance and commitments from MD and New Capital group investor so they send a clear and strong signal that we are doing our jobs steady and gradually....

    It indeed exert Positive impact on its little brother CDT given AZM holding 16% of CDT through same Boards and AZM indeed put a valuation of this as investment in its quarterly with the holding value is $400k with sp at 1.5c.....

    It is same as CDT put it's investment of 570k units of EPT at its quarterly, which had almost double to $39k from last quarter, so wouldn't you wanna your investment double/tripple?

    The higher the sp of CDT, the gain AZM will ripe later....

    As @Anton Chigurh stated, rasing funds won't be a problem, but vend in a Quality New focus project, and Mr stone stated 3 month ago the board has looked many projects so with the progress of AZM, we should see more smoke and fire/ sniff of Acquisition soon.....
 
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