TSXV:CAV.H - Post by User
Comment by
2investorknoton Nov 24, 2017 4:15pm
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Post# 27028129
RE:7.3% ownership is nice to know
RE:7.3% ownership is nice to know I am surprised there was no interest or reaction today re: the confirmation of our 7.3% ownership. The fact that "
In accordance with the New Shareholders’ Agreement, KORES now has elected to convert the entire amount it contributed on behalf of the Company to equity in MMB thereby reducing the Company’s interest in MMB from 10% to 7.3%", would seem to suggest that Boleo is going to be a positive investment. True? Perhaps the lack of any significant volume speaks to the historical troubles of Camrova or the fact that we don't know when Boleo will be cash positive. Maybe now that the dilution is known, Tom will be able to address the issue of cash flow as it relates to Camrova in the next Quarterly.
One slowwwww step at a time.
GLTA longs