The 13 mil is a contractual obligation under the JV agreement, I would be exceptionally concerned if the said party were to take a 30% discount. It can be a composition of shares/cash (hopefully not cash) and Royalties but that needs to be ironed out properly. If its shares, VWAP is probably the way to go but I can only assume that they would've offered the shares which for BMV have been trading at an all-time high at the time of the announcement. But happy to wait it out. Disclaimer that given that my price on entry was circa. 11c I may not be as dissillusioned as many here.
Ann: Sale Price US$9.975m for BMV JV Interest, page-37
Add ION (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.443M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 345000 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2600000 | 3 |
View Market Depth
| Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
| ION (ASX) Chart |
Day chart unavailable