14 replies to this topic

[Crow8866]

Last day to buy CMO voting right today.

As last sens update.

[Crow8866]

Chrometco - CMO Sail to become the controlling shareholder in Chrometco Chrometco Limited, currently listed on the Alt-X section of the JSE and the Sail Group of Companies “Sail” entered into conditional agreements that will result in Sail acquiring just less than 90% of Chrometco. In return, Chrometco will receive: cash, a controlling stake in two fully financed chrome projects and a stake in Sail Minerals. Sail is an international commodity trading company with a special focus on chrome. It invented the Chrome market’s benchmark product, Run Of Mine “ROM”. Sail has exported a significant volume of chrome ore over the last few years. Its significant trading volume is enhanced by its innovative market developments, which unlock unique value for both its suppliers and customers. Sail recently concluded the acquisition of two chrome assets in the Eastern and Western Limb of the Bushveld Igneous Complex respectively. Sail provided and will continue to provide all funding required for the development of both chrome projects. Production is expected to commence imminently and the projects have the joint capability to produce up to 1 million tons of high grade chrome ore per year at a world leading competitive cost. The combined transaction is still conditional upon ministerial consent from the DMR (section 11 approval), JSE and other regulatory and shareholder approval. By joining the respective strengths of Sail and Chrometco as well as the potential of two exceptionally good chrome projects, the new entity will be well placed to become a significant player in the chrome market. Chrometco will continue to update the stakeholders via regular sens announcements. http://www.chrometco.co.za/

[Crow8866]

Volumes 3.2 Million shares on Friday, Who bought these shares and what do you know that we don't ?

[Crow8866]

Big volumes traded so far today

[Crow8866]

https://m.youtube.co...h?v=-7I1iympMeg

[Rulz3]

Looked at the company financials and i dont see any value now or soon. Goodluck to their shareholders. Hope i miss something big for your part.

[myusuf]

Its a pump and dump scam stock

[Crow8866]

Im topping up.
This stock will skyrocket.
Its only a matter of time.

[Shi]

No

[Crow8866]

Nav went up too, issue of shares 103 million rand. Read the whole sens.

[Shi]

I see no mention in the results of the 70million of new shares issued during the period. To who was this issued?

 

PS: from the auditor's report section

 

The review report included an emphasis
of matter paragraph referring to the going concern note in the
provisional financial information. The group has incurred operating
losses for a number of years due to limited trading.

[Crow8866]

Lets wait for tomorrow when the results comes out.

 

Because when I am looking at the sens, I see more good news lurking. 

[myusuf]

Cmo is a sad state at present

[Crow8866]

Chrometco CMO looking very rewarding at this moment especially after their latest sens.

 

Please rate my reputation after this one goes past +1.00

[Shi]

What a waste of a company !