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philh9

11,880 Posts.

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05/05/15

14:18

Post #: 15219956
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Originally posted by Awoonga ↑

"On successfully completing the Placement, Entitlements Issue, the Royalty Transaction documentation and BlackRock confirming that all conditions precedent to the Royalty Transaction have been satisfied, the $15.6 million Royalty Transaction will be completed."

The original deal was for $12 million and now it's $15.6 million. Still the same terms apparently?. I must be missing something because I can't see how BlackRock would accept the same royalties as before unless they get something extra for their extra commitment of $3.6 million.

Also I can't understand why we need to ask for more than $12 million or any more "royalty" money for that matter with $15 million already in our bank.

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Could it be something to do with the quoted currency used?

AVB Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
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Show me the money, page-93

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