Agreed Hags, great outcome. I've looked at this area a few times and even modelled it, the only problem that half of the deposit was on the Anglo-Exxaro MDL and half was on Stanmore's EPC, so could never work without mutual agreement. $15m upfront and $20m deferred consideration (plus royalty) is a bargain for this area. Going to take a few years to get approved but probably ties in nicely with completion of Isaac Downs.
BTW this seems a bargain at $2.87, I'm going to buy some more for LT hold.
Ann: Isaac South Project - Designated Area Agreement, page-3
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$1.94 |
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Mkt cap ! $1.739B | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.95 | $1.92 | $535.4K | 276.6K |
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| No. | Vol. | Price($) |
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| 20 | 4099 | $1.94 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 39054 | 14 |
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