Ann: Ellendale Diamond Project Update, page-31

Question to fellow investors:
The Diamonds which have been extracted from the mines (so far) still belong to GIBB? as from what we have read from the legal contract:

So, meaning the Diamonds which have either been extracted or polished are now in the possession of GIBB, as any extractions from FY 22 onwards would change ownership:

Should Burgundy elect not to proceed with the payments to GIB detailed in (ii) and (iii) above,
then (excepting conditions precedent), the Option will not have been exercised and GIB will
retain the Ellendale Diamond Project 100%

as the Third payment was not executed:

(iii) Third Payment: within two years of entering into the Option and upon the exercise of
the Option to purchase the Ellendale Diamond Project, BDM to pay GIB A$4 million in
cash and issue to GIB 7 million fully paid ordinary shares in BDM.