But what if C&M isn't an option for Morila? Considering the size of the contracts we will be backing out of? And also we owe a bunch of money to existing contractors?
Selling the LLL shares now gives us an option to probably cash out at 8-10c whilst whoever else believes in the gold project, can stay or buy in.
If the placements go ahead, we might only get 6c out of it.
I just had a look at the ASX escrow regime document, I wonder if there's ground here where we can sell the LLL shares and within the sale agreement, the escrow continues until maturity, and therefore the sale "will not undermine the integrity of its escrow regime".
- Forums
- ASX - By Stock
- FFX
- Ann: Recapitalisation package
Ann: Recapitalisation package, page-89
Featured News
Add FFX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online