RSG 1.97% 77.5¢ resolute mining limited

Ravenswood sold to EMR Capital & Singapore listed Golden Energy...

  1. 239 Posts.
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    Ravenswood sold to EMR Capital & Singapore listed Golden Energy & Resources 2020.
    Agreement up to A$300M.
    Received 50M cash 2020.
    50M promissory notes ( plus int due 30/3/24 ).
    Further $50M contingent on gold prices over 4 year period ( around $1600 US from memory ) & the balance 150M contingent on future growth outcomes ( which is huge based on present day operations ), due 2027.
 
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