ABX 0.00% 4.3¢ abx group limited

Including you T7. If you read the announcement you will see that...

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    Including you T7. If you read the announcement you will see that ABX is PROPOSING to enter into a $8m loan, marketing, offtake and royalty agreement with Noble where...............
    - ABX will provide a guarantee over its Tasmanian assets as security
    - Noble has agreed to purchase 50% of Product from the Tasmanian Project for the first four years at for an UNDISCLOSED fixed price
    - Noble will be a paid a royalty of 2.5% on ALL Product sold from the Tasmanian Project for the life of the Tasmanian Project but not for tonnes purchased by Noble under the Noble Offtake Agreement.

    Why not do a share placement and sell the product to Noble and other commodity trading groups on more favourable/flexible terms if the project is that good.
 
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