WAILOALOA DEVELOPMENTS LIMITED – 49% The Company holds a minority interest (49%) in a Fijian Company (Wailoaloa Developments Limited –‘WDL’). WDL owns 40 acres of freehold land in Nadi Fiji. Civil works are well advanced after receiving all necessary approvals. The subdivision will yield 111 lots.
SXX confirms that binding pre-sale agreements valued at approximately AUD$10.9 million (circa FJD$17.1million) have been executed. Settlement is expected to occur by 30 June, 2017,
They also contributed $1m into DTR, (placement) 39% stake? Who will be a producer by year end?
ps( If all this comes into fruition, then they will be one cashed up company. Also I think the top 20 hold 80%+?. I don't hold many yet, but worth the risk for me if they receive first injection. What is also interesting is that they didn't ask for a vote of 10% cash injection in their last AGM. ).
jmo
glall
please dyor
SXX Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
