They had been flagging this sale for months, it was mentioned in at least a couple announcements that I recall, so no surprises here. I just find the wording of clause A and B of the consideration a bit odd in that they appear to say the exact same thing, also the consideration seems to be quite small and there’s no upfront cash payment; so other than the shares in the buyer, Magnum only get paid if any production happens. I know very little about the Gravelotte project to understand it’s worth, maybe longer term holders here do though.
MGU Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
