For example GNG-BGL EPC Contract $87.8M (ASX 20 July 2022):
"As part of the contract, Bellevue can pay up to $7.5m of the contract price to GRES in Bellevue shares, aligning GRES with the project and reducing Bellevue’s pre-production cash funding requirement."
"The award of the contract is particularly important because it further insulates Bellevue against rising costs."
"Their (GRES) readiness to accept Bellevue shares as part-payment is a strong vote of confidence in our project and the outlook for our Company."
So if the reasoning above applies and should DVP get the contract, then equity as part-payment will align DVP with the project, insulates LTR against rising costs, reduce cash funding and a vote of confidence.
Now sure how much the contract will be worth, but potentially we might be looking at up to 10% of that in LTR equity?
DVP Price at posting:
$3.52 Sentiment: Buy Disclosure: Held
(20min delay)