From the DEG ann.
https://announcements.asx.com.au/asxpdf/20230622/pdf/05qw91vj69x54s.pdf
"The Egina Project includes certain third- party joint ventures which are subject to pre-emptive rights. If approval is granted by the third parties, then De grey will be earning into 50% of Novo joint venture interest".
So Novo who have done nothing with the Pilbara Egina leases & JV and are now doing a JV (including a $10M private placement) with DEG using ESS leases.
Do we still hold our original percentage of the JV in new deal?
What happened to Sumitomo?
You would think this material change would have to be conveyed to ESS shareholders and approved?
Lots of questions but as usual crickets from "management".
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