AVZ 0.00% 78.0¢ avz minerals limited

Ann: Expedited completion of US$240M investment with CATH, page-119

  1. 2,951 Posts.
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    If the DRC choose to keep the full 25% they will then have to contribute capital (cash) to advance the project

    If they they choose to reduce their holding to 10% they will effectively be free carried through the develoment and not have to contribute another cent whilst retaining all the financial benefits of being a 10% shareholder

    That's the deal

    Keep 25% have to pay your required contribution of costs to advance the project

    Keep 10% pay nothing more and enjoy a free ride

    I'm sure they'll run some numbers on the options in front of them

    Cheers
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    Last edited by Winenut: 16/02/22
 
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