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83.0¢ red hawk mining limited

Flinders Mines (ASX:FMS) receives offer to acquire Pilbara infrastructure, page-24

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pe981

2,869 Posts.

1493

20/12/20

15:58

Post #: 49712282
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Originally posted by numeraire ↑

Have to agree, and obviously 5% is a starting point in the negotiations with 2.5% the line in the sand eveyone previously agreed to.

The issue is any incoming bidder might be hesitant to take on a royalty option, especially for a low to medium grade project. The combined projevt would far more marketable if the royalty was capped for a set tonnage eg first 10Mmt pa over $50/dmt

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The 2.5% is a back up royalty option (if mining not looking attractive) for the ORE body which is a relatively common form of swap for development.
Totally different to what BBIG own - infrastructure project agreements and IP!!

FMS Price at posting: $1.01 Sentiment: None Disclosure: Held
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Last 83.0¢		Change 0.055(7.10%)		Mkt cap ! $165.8M

Open	High	Low	Value	Volume
82.5¢	83.0¢	82.5¢	$2.641K	3.2K

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No.	Vol.	Price($)
1	25	69.0¢

Sellers (Offers)

Price($)	Vol.	No.
80.0¢	3000	1

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No.	Vol.	Price($)
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1	1000	0.680
1	2000	0.650
1	10000	0.630
1	20000	0.500

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0.830	26522	1
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