Member Info for cashking

The 30th Of June Interims …
Didn’t Realize….All But…80,104 ..Are Tied Up …( Not Sure If It’s Still The Case Due To Payments Made )
If They Are All Still Tied Up …As Security And Collateral…… What On Earth Are The Bods Doing To This Company ……
Merrily Fritting The Cash Away …..
By The Way When Was The Last Time Good News Arrived ?

Could Be Years Then ! ……. If It’s Anything Like Past Form …….Surely The Bod Aren’t Carving A Nice Little Earner For Themselves … Being Board Members $$$ …. Surely They Wouldn’t Nominate Themselves…..
o Corcel intends to own 50% of the proposed JV, benefit from a $1.5m carried interest and a 1.5% gross revenue royalty on Wowo Gap and nominate half of the Board of the JV - It is the intention of the parties to list the JV in Singapore in the medium term

In The Text … They Seem To Be Confused …. Is It Hanacolla Or Hanocalla ?
Then If You Do A Google Search ….. It Comes Up With Nowt …..
Very Surprised A Company Valued @ §92 Million …. Comes up With Duck Eggs ….
Unless Others Can Shed Some Light On This Mysterious Company …..

o Corcel has agreed, subject to contract, to inject its 41% interest in the Mambare nickel/cobalt project as well as its 100% interest in Wowo Gap nickel/cobalt projects, and NPC has agreed to inject its 4.48% interest in Hanacolla S.A., owner of the Doncella lithium project in Argentina, with additional lithium and other battery metal interests expected to follow. The 4.48% interest in Hanocolla has been recently externally valued at $4.1M by reference to a funding for 10% of Hanocalla valuing the business at $92m. In addition to its 50% stake in IBM, Corcel will receive a carry of up to two years or the award of a mining lease at Wowo Gap capped at $1.5m. Corcel will also receive a 1.5% gross revenue royalty over the Wowo Gap project.

Post period end

Cobre Limited has announced several significant copper intersections establishing substantial potential over 4km of strike at the Ngami Project in the Kalahari Copperbelt. As at 26 August, Cobre’s share price closed at A$0.565 meaning that post completion of the fundraising in which Metal Tiger maintained its pro-rata position the value of Metal Tiger’s investment is A$25.2 million
If My Sums Are Correct… Todays Value Approx A$ 6.122 Million …
Is That Right ?

One Things For Sure More And More Will Arrive ….Roll Up … Roll Up …
https://www.lse.co.uk/rns/CRCL/debt-conversion-funding-and-share-agreement-mqm9adfvydzk68w.html

Admin Alone Running @ Circa £500,000 Every 6 Months

Time For A Change Of Bod ….Excitement Totally Evaporated…..

All Scotties Interested In Is ….Raising Money ….@ Any Price
Feeds Himself And Delivers … Zip ….IMO
Just An Observation….

Outrageous Really All These Extra Directorship’s… Funding The Bods Pockets ….
Yet Losing Control Of Major Investing / Selling Decisions ….

Worth A Look At The Company Admin Bill / Breakdown …… It Begs The Question …. What’s Actually Being Spent On Projects …

One of Them Has To Go ….. Accountability ..Or Is It ….Non Accountability…
Trouble is These Guys Are Probably Too Busy On Other “ Boards “

Obviously Trying To Deflect ….. Such A Bad Trading Decision …. Letting Millions Of Aus $ Slip Away ….

Potter Clearly Not Worthy Of His Position

What Has Scotty Done With It …..
who’s The Next Sucker To Get A Once In A Life Time “Exclusivity Deal “

Sleeping At The Wheel …. Poor Performance Of The Trading Arm … “Pleased To Announce “ Really ?

Maybe Get Scotty To Do Some …..Due Diligence……
Then Wait A Couple Of Years …

Now £42 Million ……For Someone Having A Chat / Maybe / Could Be/ If ……..Probably The Most Overvalued Stock In History ….

At the balance sheet date, the Company had net assets totalling £335,604, including a cash balance totalling £294,752.

Should Be More Like £1 Million Max IMO
Any Thoughts To Why It Should Be More Than 1 Million