I would hope that AVB spreads it’s risk so that (maybe) glencore can fund centro thru another royalty deal. They mention South America, so I would think we’d be there, or thereabouts.
Hopefully not as penal as the “crash test dummy” AN & PB deal. Which will cost us, IMO, more than $AUD60m in future dollars for USD12m of funding.
Declaration - I own shares in Glencore.
HB
AVB Price at posting:
9.4¢ Sentiment: Hold Disclosure: Held