Keep in mind KRR wont receive any cash payments from Tivian for over 12mths, they also need to raise $2.5m as part of the process, so the funds for KRR to commit to TC exploration are restricted for quite sometime. This deal is not an instant cash/shares exchange.
However, if KRR receive Tivian shares NOW, and not be in escrow, or if they can benfit from a Tivian SP increase, then thats really all they have until the agreement is finalised in 12mths time.
Speewah was the majority sub of KRR, King River Gold being the other sub.
If Tivian are a serious buyer, then they should atleast be contributing cash upfront to help fund T Creek.
otherwise KRR will be up Sht Creek for the next 6 to 12mths.
Thats how it see it anyway
Keep in mind KRR wont receive any cash payments from Tivian for...
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.75M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $3.652K | 415.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93352 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 3862409 | 13 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| KRR (ASX) Chart |