4CE 6.25% 1.5¢ force commodities limited

Ann: Quarterly Cashflow Report, page-6

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  1. 1,249 Posts.
    lightbulb Created with Sketch. 120
    That is true, CR will be needed soon but results for kanuka AND the first set for kitotolo are in the lab and have been for some time now so I'm sure they will wait for the results first.

    Mt Adrah Gold Project
    • Company entered into an agreement to dispose of the Mt Adrah Gold Project.
    • Company to receive consideration of up to $500,000 in cash and shares.
    • Acquirer has formally advised of decision to proceed.
    • Transfer documents lodged with NSW Mines Department.

    Halls Peak Base Metals Project
    • Company has entered into an agreement to dispose of the Halls Peak Base Metals Project to XS Resources Ltd.
    • Company to receive consideration of up to $665,800 in cash and shares.
    • XS Resources Ltd has advised of its decision to proceed with the acquisition of the Halls Peak Base Metals Project. The agreements are subject to various Conditions Precedent, including the admittance to the Official List of ASX by XS Resources Ltd. XS Resources Ltd IPO prospectus is dated 10 September and was lodged with ASIC o

    Both divestments are a go so in total including shares there's 1.165m that we can get hopefully this quarter but as you say, I wouldn't hold my breath for that either.

    Let's not forget even what's happening with AVZ, they are still 13x our MC and imo are undervalued. Market is waiting for a binding off-take imo. I'm still happy with how the SP has held up all things considering. Horrible market conditions, especially for the lithium sector at the moment. All things will change as the way the cycle goes. Let's wait and see what happens I suppose, we're all way too deep to get out now anyway lol.
    Last edited by Seb93: 31/10/18
 
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