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Answering my own question after rereading the release. Should...

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  1. schmoove
    689 Posts.
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    26/02/18
    12:29
    Post #: 31344643
    Answering my own question after rereading the release.
    Should mining not commence by October 1st, there are no contingency conditions laid out in the announcement.
    We can only assume therefore that BNR would again lay claim to the tenement in full as it sought to previously before coming to an arrangement with CML.

    I really, really hope that mining does commence.
    I'll believe it when I see it.

    Here is CML's ann on this issue:
    http://cm1.com.au/assets/shareholder-announcement-23-feb-2018.pdf

    Here is CML's Executive Summary & Terms Sheet
    http://cm1.com.au/assets/executive-summary-and-terms-sheet-v1.2-feb2018.pdf

    BNR will be all paid up by 12th March.
    Let's hope the CML IPO gets over the line.
    BNR Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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