CXL 4.64% $1.47 calix limited

settlement deed

  1. 768 Posts.
    With the price of nickel moving higher I would appreciate any comments on how this may affect the settlement deed between Anaconda and CXL,
    A recent announcement suggests that the nickel price has been trading close to the the indexed trigger price US$4.08lb - under the terms of the ANL settlement deed if the 12 mth average nickel price exceeds the trigger the company is entitled to a 19M payment from Anoconda.
    can someone please advise what the current nickel price is curently trading at in relation to this trigger and/or how long has it remained above it
    CXL is a fledgling company with net assets - cash and listed share investments @ 470K , Queste has a sizeable interest in cxl and with Mr Khan going quiet all of a sudden I would very intetrested on what strategies they have to obtain the money from ANL and the necessary process.
    Will update after work

    Gazelle
 
watchlist Created with Sketch. Add CXL (ASX) to my watchlist
(20min delay)
Last
$1.47
Change
0.065(4.64%)
Mkt cap ! $265.7M
Open High Low Value Volume
$1.40 $1.50 $1.40 $1.101M 756.5K

Buyers (Bids)

No. Vol. Price($)
2 1274 $1.46
 

Sellers (Offers)

Price($) Vol. No.
$1.49 17161 3
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$1.46
  Change
0.065 ( 4.26 %)
Open High Low Volume
$1.42 $1.49 $1.41 146597
Last updated 15.59pm 28/03/2024 ?
CXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.