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Ann: BUY PEP 11 Update , page-4

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  1. TDS
    725 Posts.
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    27/07/10
    17:52
    Post #: 6949485
    It's quite straight forward samxixix,
    BUY currently own 75%, Advent 25%. BUY pays nothing for the first drill which Advent are paying $24mil for so BUY are free carried on this first drill. After the first drill, BUY drop to 15%, Advent rise to 85%. BUY then has to pay 15% of any further exploration in the area. They don't have to declare anything until it happens. BUY will be 15% after the first drill, that's all you need to know.
    BUY Price at posting: 9.7¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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