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2.86%

3.6¢ gibb river diamonds limited

You are kidding ? Maybe post the very next piece of the deal you...

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canonman

11,416 Posts.

794

27/03/23

15:21

Post #: 66978415
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Originally posted by vig009 ↑

Question to fellow investors:
The Diamonds which have been extracted from the mines (so far) still belong to GIBB? as from what we have read from the legal contract:

So, meaning the Diamonds which have either been extracted or polished are now in the possession of GIBB, as any extractions from FY 22 onwards would change ownership:

Should Burgundy elect not to proceed with the payments to GIB detailed in (ii) and (iii) above,
then (excepting conditions precedent), the Option will not have been exercised and GIB will
retain the Ellendale Diamond Project 100%

as the Third payment was not executed:

(iii) Third Payment: within two years of entering into the Option and upon the exercise of
the Option to purchase the Ellendale Diamond Project, BDM to pay GIB A$4 million in
cash and issue to GIB 7 million fully paid ordinary shares in BDM.

Expand

You are kidding ?

Maybe post the very next piece of the deal you have emitted from above.

6th bullet point down on this document.

BDM will also pay GIB a 1.5% gross revenue royalty on the diamonds obtained from the tenements, including during the Option period.

Expand

So you want the 1.5% royalty and the diamonds back? LOL

Nice try.

GIB Price at posting: 4.1¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 3.6¢		Change 0.001(2.86%)		Mkt cap ! $7.614M

Open	High	Low	Value	Volume
3.5¢	3.6¢	3.5¢	$7.122K	202.7K

Buyers (Bids)

No.	Vol.	Price($)
1	15623	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.3¢	35681	2

View Market Depth

No.	Vol.	Price($)
1	15623	0.039
1	26250	0.037
1	256444	0.035
1	14823	0.034
1	16718	0.032

Price($)	Vol.	No.
0.043	35681	2
0.047	13702	1
0.048	117500	1
0.050	120000	1
0.070	30000	1

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