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An update from Centrex Limited ( (AU:CXM) ) is now available.
PRL Global Limited has successfully completed the second creditors meeting for Centrex Ltd and its subsidiary Agriflex Pty Ltd, owners of the Ardmore phosphate mine in Queensland. Creditors voted in favor of PRG’s Deed of Company Administration (DOCA) proposal, which is contingent upon reaching binding agreements with key partners, including Aurizon, the rail haulage services provider. The economic viability of the Ardmore Phosphate Mine hinges on these agreements, with a deadline set for June 27, 2025, to finalize terms with Aurizon.
More about Centrex Limited
PRG is a leading fertiliser company and producer of Australian Phosphate exports with a global fertiliser value chain, dedicated to providing high-quality products to meet the growing demands of customers. With a focus on innovation and sustainability, PRG strives to provide a sustainable and prosperous future for its community, employees, shareholders, and customers.
Technical Sentiment Signal: Sell
Current Market Cap: A$14.75M
See more insights into CXM stock on TipRanks’ Stock Analysis page.