Guess maybe i should rename this thread Delisting.
Well here is my take though probably i have missed things.
http://www.asx.com.au/asxpdf/20150803/pdf/43089x3rf47gwr.pdf
Delisting..
...long suffering shareholders recapture value in their shareholding..
early production existing oxide stockpile(revisit relisting)
review consider development of sulphide deposit
2 reps from cove house on board
Moving shareholders meeting to Darwin
The trustees of compass resources creditors trust will 1.2 million aus dollars on closing of all claims
If the transaction does not proceed.. forced into administration and liquidation.
No alternative...
The Proposed Transaction will result in diluting the current Non-Associated Shareholders interest in CMR from 21.2% to as little as 4.1%.
but the joint venturers have completed scoping studies on developing a large underground base metal mine at the Browns deposit and a copper sulphate production project based on the Browns oxide deposit.. but Ravensgate say that there are no up to date resources estimates for either the oxide or sulphide deposit (jorc 2012) though work has been done in the past.
Interesting snippets
page 111
page 153
