Ann: Tiger signs binding agreement to divest DRC operations, page-33

i think you should read it again M7

"The initial instalment of USD 230 million will primarily be applied to the repayment of the Company’s outstanding banking liabilities. The second instalment of USD 20 million will be paid 3 months after the initial instalment, and is subject to typical working capital adjustments. Tiger’s total borrowings as at 30 November were USD 209 million"

So total 250m USD less debt of 209m leaving 41m USD or 50m AUD.

The royalties are paid over 3 years.

LoserInvestor - Are you saying Royalty is a max of 20m over three years? The wording isnt clear, thats not a great deal!