guild
I think you are right.
The only question is whether Toyota has to pay the $112m for 25% of the Olaraz PLUS also pay 25% of the equity side of the cap costs ie 25% of 40% of the capital costs = $22m.
For ORE to require that makes sense but whilst ORE has regularly listed all the things has to do to get a jv (upfront payment, arrange cheap loan, organise marketing ...) I've not seen it explicitly say that Toyota has to pay 25% of the cap costs in addition to the 25% of the NPV.
- Forums
- ASX - By Stock
- AKE
- toyota buy in price
toyota buy in price, page-8
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)