It did say that they would collect royalty payments from the buyer of the gold mine, so the reality is they would get paid from the buyer ,money to reinvest plus the royalty payments. for doing nothing.
There is also the possibility that there is not as much Gold as they thought at the mine. that could be the reason for selling. so better rid of it rather than throwing money down the drain,
So you are here as well Izzy. I think we can expect CRA to become a major miner in the coming years once it gets the income flow from the copper mines. Surplus funds I expect will be used in part to move forward the Gold interest. The management have a large interest and it appears they know what they are doing.
A positive and upbeat RNS. Tremendous potential for the copper mine to earn substantial profits in the second half of the current year. Also next year should see the Gold mine brought into production. MC of about £16m seems to unterestimate the potential IMO and once we see some numbers we should be well over the admission price of 10p
Looks as if the Loan Note holders who recently converted could be selling stock. Once they finish we could see a rise back to 10p plus as the asset and earning potential is there with more to come when they open up the Gold Mine. IMO a good buy at sub 10p
For whatever reason Cradle Arc the old Alecto appears to have started off badly as far as the sp is concerned. However I still feel that the asset value together with the copper mine earning potential deserve a better mc than £21m so I will top up tomorrow.
Problem could be though the offer will be restricted in numbers offered so it could be 1 for 5 or something similar and you would not be able to double up. I do feel if existing holders want to top up they should realize that Alecto were suspended at effectively 21p and at that time the company had little in the way of assets and real earning potential. That has now changed as we have substantial assets and great earning potential so to my mind now is about the right time to fill up.
Trading and up and running on ii. Seems to me if the sp is about half of what it ought to be given that Align have a diluted target of nearly 30p. Also the assets and earnings should justify a much higher value. Anything below 20p must be a buy IMO and I'm happy to top up. GL to all
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