ASM 4.69% 67.0¢ australian strategic materials limited

Ann: Framework Agmt for 20% stake in Dubbo Project and Offtake, page-121

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    Had a crack at updating the ownership model, accepting some opinions differ. All will be made clear in due course I am sure. My basic assumption is that the $250M only includes for 20% of Dubbo and excludes the metals business/IP. Maybe there is a model whereby the Dubbo Metals Plant (if indeed there is one) is included as part of Dubbo rather than under the metals business as I have indicated. That would give the Koreans a bigger taste of Dubbo but keep the broader metals business at arms length? Pure speculation...

    https://hotcopper.com.au/data/attachments/3386/3386071-47fb08d43fcdd23c091d37fba3c5b5ae.jpg
 
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