Hi goldbear & justis. Been meaning to ask for a while but keep forgetting to do that by the time I had logged into HC and read the latest TRY posts. Could you please let me know your interpretation of the following:
"...the Company grants Austral an option to acquire the remaining 30% over a three year period commencing in December 2018 for a total consideration of US$7 million."
Seems to be an odd way of saying that the remaining 30% may be acquired for US$7M.
At first few readings, I had interpreted it as being the total sale proceeds adding up to US$7M for 100% of the mine.
Thanking you in advance. Cheers.
TRY Price at posting:
58.5¢ Sentiment: Hold Disclosure: Held
