Cassius Mining Ltd (ASX:#CMD) is pleased to provide an update on Due Diligence being undertaken by AustChina Holdings Limited (ASX:#AUH) under the Share Sale Agreement #lithium
https://t.co/zdBMhkeQxV
$CMD @Cassius_Mining Our Q1 Activities Report is now available! We're delighted with the better than expected limestone MRE outcome! Plus our International Arbitration case is moving forward nicely. Have a read here πhttps://t.co/Fvc0rlIzE6
Cpl interesting updates here re Cassius $CMD.AX.
1) Lots of chatter re Ghana 'rejecting' international arbitration, as if that is an option for them. See here:
https://t.co/y3RpB9kv6x
$CMD.AX put out a PR that pretty definitively handles this issue...
Thanks for all feedback so far re $CMD.AX Cassius. Basically pushback has fallen into two camps:
- why dont they have litigation financing in place yet?
- hasnt Ghana already 'blocked' the arbitration?
- wont this take years?
All good questions but worth examining.
I'm a value guy at heart but every now and then I find slightly hairier opportunities that offer blinding asymmetry even if absolute downside is significant.
Cassius Mining $CMD.AX is one of those times. Note I recently became the no 5 shareholder, see here:
@Cassius_Mining secures AUD$1.5M in Capital Raising to progress its claim for over USD$275M in its International Arbitration case against the Govt of the Republic of Ghana, plus advance exploration in Madagascar and Tanzania. https://t.co/26WwUeJa3E
#capitalraise#arbitration