Makattack:
"The flip side is why would someone sell their 10% claw-in rights?"
..........................................
From Indo's ASX release this morning:--
"Indo Mines’ Managing Director, Mr Phil Welten, said “This is an excellent outcome for Indo
Mines. The 3 millions shares we receive in Minemakers will provide Indo Mines with
continued exposure to any further upside in the Wonarah Phosphate Project.
Importantly for the Company, the consideration also includes a substantial cash
component, which will provide additional funding for the Company as it continues the
development of its core asset, the Jogjakarta Iron Sands Project.”
........................................
As you say,good all around.
Cheers all!
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