Took me a while to work this out but I think I am beginning to understand.
If BACJV (Rio) are contributing their share of the provision for rehabilitation (80%?) to Linc (NEC) then Linc get a cash injection right now and in effect a zero interest loan on future earnings.
Linc can use some of the Rio donated rehab money to get the mine running again and Linc dont have to do the rehab until 3 years down the track when they will have Royalties coming in from Adani anyway. In the meanwhile they get cashflow (assuming they can operate profitably when Rio could not).
We dont know exactly how many $ are coming to Linc from the Rio kitty for mine rehab but hey it actually looks pretty clever way to access a cash injection - I get it now. (I think).
I still wont go to SGX but in the ST this is looking better IMO with the news from Cedar's horizontals and the cash injection via Blair Athol.
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