Yeah it is highly likely that they were never going to get the necessary funding without Bass having full control of the asset. This deal should pave the way for the funding required to take this to the next level. Stratmin will probably still end up having have a very large share of Bass as the second tranche payment requirements should be met this year I believe.
Ann: Bass to acquire 100% of operating Graphite Mine-BSM.AX, page-14
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