As i see it. The Lithium deal will involve complex negotiations with partner, offtakers ( possible prepayments) and Finance (via appointed bank to sort it out).
The Data Room enables potential partners to 'know what they are getting' and take part in putting it all together - Finance and offtakes etc.
Summary as i see it:
FFX owns Goulamina and will transfer ownership of it to a new entity initially owned by FFX
The new partner will receive a % of the agreed value of the new entity (Goulamina). FFX will receive compensation (likely cash).
Holders will receive the balance of the new entities value in shares.
The new partner and holders will hopefully walk into a company with offtakes and finance organised.
Its likely the new partner will be 'well heeled' and 'well connected'.
If the new partner provides finance towards CAPEX and/or provides working capital for the new entity it will likely strike a commercial deal with the new entity.
It will be interesting to see the agreed value of the the new entity. FFX sweetening the deal should increase the value.
I cannot see how or why FFX would not receive payment for the portion not retained by holders.
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