re: Ann: $58m Funding to Completion of Feasib... Sheesh, anybody even attempted to work out the dilution in that bag of tricks?
Yesterday's share in NTU would appear to own a lot less of NTU today, CY's 16% is free carried from this point, no further contribution to development and they've lost control of 36% of production - opportunity to negotiate downstream value add aka Lynas/Siemens JV on that Dy.
Would be looking very closely at exactly what that deal entitles CY to, 36% spread across the suite or do they get to cherry pick i.e. Dy/Tb.
Ann: $58m Funding to Completion of Feasibility St, page-7
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