He can pull it off without Ivanhoe. He doesn't need to do anything illegal.
He could do it like a streaming deal inside Clean Teq. Just lowball the scandium in the BFS and give a 50% stream on the scandium production till the discount is paid back plus a premium for the loan.
That is essentially what AUZ is doing on their $65 million option to SKI.
They get $65 cash on exercise but there are undisclosed future discounts on the cobalt. Commercial in confidence. Nobody's business.
Ann: March Quarterly Activities and Cash Flow Report, page-43
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Last
41.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.99M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 39.0¢ | $2.556K | 6.378K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 561 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 2908 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| SRL (ASX) Chart |