Agree with you URA , If the project is developed we do have to pay both the $2.5M payment and royalties. The benefit is that we have to find the $2.5M upon 'commencement' so it is borrowed money. That is better than paying $5M borrowed money. At least we need to be producing product to pay royalties.
Of course the trigger event is 'commencement' and so as always, step one is financing. That is the real issue.
If we find some capital by way of a take-off agreement then all well and good. As a holder my real problem is that I do not know what the detriments or conditions lenders may be asking of the project prior to agreeing to funding. Nor do I know what preconditions apply to other funding options like the Northern Development Fund. So we are to that extent still in the dark.
All of us are still held hostage of market and trade conditions. Just MHO.
- Forums
- ASX - By Stock
- AUZ
- Ann: MLM: Nornico Royalty Agreements to be assigned to AUZ
Ann: MLM: Nornico Royalty Agreements to be assigned to AUZ, page-15
-
- There are more pages in this discussion • 255 more messages 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 AUZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.98M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $11.80K | 1.169M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 23993889 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1175337 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 18333334 | 0.009 |
22 | 23216611 | 0.008 |
44 | 26106598 | 0.007 |
20 | 54140113 | 0.006 |
13 | 41900199 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1175337 | 2 |
0.011 | 3650099 | 9 |
0.012 | 3706805 | 18 |
0.013 | 6446364 | 14 |
0.014 | 1793709 | 6 |
Last trade - 13.47pm 11/10/2024 (20 minute delay) ? |
Featured News
AUZ (ASX) Chart |