Ann: Binding Heads of Agreement for the Sale of Lake Johnston, page-33

Hey Jack buddy
$3.5M cash by 31 march
$10M cash by 30 June 2024 when agreement settled
$17.5M cash minus expenditure by 30 June 2025

then by 2025, MINRES pay $3Mpa royalties going to $9Mpa-12Mpa royalties by 2030 imho

Market expectation of a large cheap CR dump around 0.6c & a PAN VA death knell has been wholly routed & proven it was never going to happen and they still dont know it yet. DUFUSES.

MINRES & GMD owe POS BIG TIME, marked in the 100s of $Millions for this and POS uses MINRES to produce at LJ for it and develop the entire site.

POS ought to have done a JV at higher rates of 5% total and kept ownership 49% and sold for $140M with MINRES doing all the work and capex.
MINRES got $1,400M cash at bank buddy, they can make this production & tolling happen FAST & STRONG.

"29 Aug 2023 — MIN EBITDA, quite respectable, good cash conversion. Finished the year with $1.4 billion in the bank. Net debt, about $1.9 billion."

POS got enough cash with no CR for the next 20 years at this rate imho.
Market got this all wrong imho. Big boy soon to move in on POS imho.

POS should be MB'ing runup right now imho. Fortunes are being made here.

Trading rule 1
buy low sell high,
never sell at 30 year lows in a flatlining flooring pattern on annual chart
especially with a stock that has NO DEBT NO CREDITORS with massive assets mills mines airstrips etc & is OWED massively BY MINRES &  GMD