Armour state that they have complied with all of their requirements re the farm out. They have issued a Notice to Complete. I had to look it up:
What happens if either party cannot settle on the due date?
The parties must complete by the completion date, if they do not, either party (if that party is entitled to do so) can serve a "Notice toComplete" which means the party on which the Notice was served upon has 14 days (including weekends and public holidays) to settle the matter.
When a "Notice to Complete" is issued by the vendor, and the transaction is not settled on the nominated date, the vendor may terminate the Contract and keep the deposit or call upon a Deposit Bond Guarantee and can place the property back on the market to sell.
The vendor is usually under the terms of the Contract, entitled to charge the purchaser interest for the number of days settlement is delayed. The contract usually stipulates the applicable interest rate.
- Forums
- ASX - By Stock
- AJQ
- Ann: Northern Territory Farm-out Agreement Update
Ann: Northern Territory Farm-out Agreement Update, page-2
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AJQ (ASX) to my watchlist
(20min delay)
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.31M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
AJQ (ASX) Chart |
Day chart unavailable
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online