Hi Donegoldemon, not sure where you got that I said it was a fixed price. This was my response to Roller this morning.
"You could be right and I would imagine it would be % based pricing, however when I spoke with the company many moons ago about this deal there was an indication of an upfront payment. I suspect given the dramatic price increase of Tin, Nigel might be wanting a larger sweetener."
The deal will always be % based, however I believe AVZ was looking to secure an upfront fee. This would dramatically help line our coffers in the short term along with assist in funding the $15mil equity stake that is required for the additional % from Dathomir.
This extra equity % will be very valuable if we offer equity for payment in the future.
- Forums
- ASX - By Stock
- AVZ
- Running discussion on SP
Running discussion on SP, page-39714
-
- There are more pages in this discussion • 43,166 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 AVZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online