AxiomKB are not shareholders!! They do not get paid a dividend. Please stop twisting the facts.
Check for example OZL. Royalties paid from revenue! AVQ's P&L would be the same. Say revenue $60m, royalty payment of $12m. Plus all other costs, then EBITDA.
(if you go by the presentation)
They own the land and in a standard royalty agreement they will get paid from sales of the ore (revenue). Check the definition of a royalty agreement.
But why so defensive? Do you want it to be 20% of NPAT? Aren't you and your mates saying this is great for the people of SI? In that case isn't 20% of revenue much better for SI than 20% of NPAT? Because if it is 20% of NPAT then AxiomKB could actually get paid nothing. Wouldn't that be bad for SI?
But now that it seems 20% of revenue is a negative for AVQ you guys try to twist it that it is actually 20% of NPAT
But anyway, please link the ASX announcement where it states 20% of NPAT. Thanks
AVQ Price at posting:
38.0¢ Sentiment: Sell Disclosure: Not Held
