Outstanding announcement imhoA great result for shareholders....

Outstanding announcement imho
A great result for shareholders. For me, this deal values the companies exploration assets at a minimum $15-20M and concretes the view that Torian has been significantly undervalued by the market for a long time. This represents 4-5 times the current market cap! Future exploration success will unlock the true value of the assets

The terms of the deal seem fair and reasonable for both parties. I think the claw back on Zuleika is smart and innovative. I am excited at the prospect of proving up Credo well. I expect that this will be the near term focus
It has taken longer to get here than anyone wanted but I think management have done an exceptional deal on these assets under difficult circumstances. They did not have the strongest position from which to negotiate imo. They are delivering on their stated strategy.
As said above there is a lot to digest but I say well done.