PEK 0.00% 19.5¢ peak rare earths limited

Ann: Cabinet Approval of SML Application for Ngualla Project, page-48

  1. 37,931 Posts.
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    A good rise so far today but I expected it would surpass it's 12 month high ...still may today .
    Perhaps the arrangements are complicated and people are wary .
    " Newco
    is to be owned 84% by Peak (via a wholly owned entity) and 16% by the Government. As
    required under Tanzanian law, the Government’s ownership is to be in the form of nondilutable free carried interest shares in the capital of Newco."
    Nondilutable !
    Plenty of value to share round but to get full value from the project off takes and debt financing are critical .
    If a lot of new shares are issued effectively govt get more for free .
    But as I said , plenty of value to share around , if it can be done right .
 
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