Mt Garnet Tin Project – while maintaining a positive cash flow from the
base metal production, CSD is scheduled to complete the DFS in mid-
2015, and will progressively diversify into tin production in 2016.
EGM Result – positive outcome leading to the assumption of financial
responsibility for the SPM mining and production assets on 13 January
2015, with final settlement expected to take several months.
Development Finance – CSD is in advanced discussions with a number
of investors and institutions to develop funding opportunities.
CSD has positive cash flow from operations but still requires the completion of the DFS to ascertain if tin production is commercially viable ( experts report) and to finalise the MOU by issuing shares to SPI , which they state is several months away.
Tin production has now been delayed yet again to some time in 2016
IMO, the cash flow from current production clearly will not be able to fund operations and or tin production and as such They are in advanced discussions for funding ( experts report does indicate many times that significant funding will be required) A Capital Raising is very possible which will increase the share capital..
IMO, until the discussions regarding funding and the 610m shares are issued to SPI are resolved the market will have uncertainty.
DYOR carefully
CSD Price at posting:
4.8¢ Sentiment: None Disclosure: Not Held