CMM 0.78% $6.49 capricorn metals ltd

I don't think there is any reason for a halt considering both...

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  1. 11,185 Posts.
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    I don't think there is any reason for a halt considering both parties have now come out to verify that they are in the middle of an incomplete indicative and non-binding proposal.

    If my calculations are correct which I think they are Hawkes Point have paid $13,327,659 for their 18.93% interest at an average price of 9.41cents per share.

    If they accept 11.4 cents equivalent in RRL shares that's a gain of 21.1% on their investment at a profit of $2,812,344.

    This doesn't seem like a very good return for them considering the risk. I think they should be able to squeeze more out and if they don't they are clearly in it for bigger returns than these. Esh
    Last edited by eshmun: 24/09/18
 
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