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0.00% 6.0¢ mtm critical metals limited

Ann: Advanced Carbonatite REE Project Acquired, page-114

  1. Trade4Profit88
    10,184 Posts.
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    27/02/23
    21:16
    Post #: 66496847
    I think you are off the track now, we were talking about why did they do a CR now when most of holders think the s/p will go higher in short term, then you replied because they want to acquire the project ASAP, then I said don't you know that it is an Option to acquire, so your point that they want to raise money now to finish the acquisition ASAP doesn't make any sense.

    just read the table below, for their cash position at end of Q4 there's enough money so why CR now?

    https://hotcopper.com.au/data/attachments/5086/5086642-4f6a68ef89353bbcfe6abca0f4ba35d5.jpg

    Under the MTM-CEE Option Agreement (all of which will be paid to the CEE

    Shareholders in proportion to their percentage shareholdings in CEE):

    i. A non-refundable AUD $20,000 option fee (which has previously been paid) (which
    CEE warrants it used solely in satisfaction of its payment obligation to Geomega, as
    set out below).

    ii. On completion of the MTM-CEE Option (following which MTM will receive title to all of
    the issued capital in CEE): (1) AUD $30,000 cash; and (2) AUD $200,000 worth of fully

    paid ordinary shares (Completion Shares) in MTM (based on a 10-day VWAP) (MTM
    Shares), half of which will be subject to six months’ voluntary escrow.

    iii. On the first anniversary of completion of the MTM-CEE Option, AUD $200,000 of MTM
    Shares (based on a 10-day VWAP), subject to shareholder approval or, failing
    shareholder approval being granted, the cash equivalent.

    iv. On the second anniversary of completion of the MTM-CEE Option, AUD $100,000 of
    MTM Shares (based on a 10-day VWAP), subject to shareholder approval or, failing
    shareholder approval being granted, the cash equivalent.

    Under the CEE-GMA Option Agreement (all of which will be paid to Geomega):

    i. Payment of an initial option fee of AUD $20,000 (which has previously been paid
    utilising the funds referred to in paragraph i. above).

    ii. On exercise of the CEE-GMA Option: (1) AUD $50,000 cash; (2) AUD $50,000 of MTM
    Shares (based on a 10-day VWAP); and (3) a 2% net smelter royalty on all minerals
    obtained from the Project (1% of which may be re-purchased by CEE for AUD
    $1,000,000).

    iii. On the first anniversary of exercise of the CEE-GMA Option: (1) AUD $100,000 cash;
    and (2) AUD $100,000 MTM Shares (based on a 10-day VWAP) subject to shareholder
    approval or, failing shareholder approval being granted, the cash equivalent.

    iv. On the second anniversary of exercise of the CEE-GMA Option: (1) AUD $100,000
    cash; and (2) AUD $100,000 MTM Shares (based on a 10-day VWAP) subject to
    shareholder approval or, failing shareholder approval being granted, the cash
    equivalent.

    v. For the duration of the term of the CEE-GMA Option, CEE must satisfy the following
    annual expenditure commitments on the Project to acquire title to the Project
    (collectively, Expenditure Commitments): (1) AUD $300,000 in the first year; (2) AUD
    $700,000 in the second year; and (3) AUD $1,000,000 in the third year.

    MTM Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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