Niraj1980, BPL is contesting the dilution. You may or may not know the history, but COB began as a spin-off from BPL (about 2 or so years ago). The plan, according to the JV Earn-in Agreement, was for COB to earn (in stages from 51% to 100%) by carrying out & paying for the exploration. Once a decision was made about mining, the JV Earn-in Agreement would need to be replaced by a mining agreement. However, things have not gone to plan. So the independent expert will make a binding decision about the way forward. (Also, BPL has a 2% net smelter royalty which I don't think it is being contested, but who knows). Amigo, the JV Agreement is about 50 pages and your interpretation, as a newbie to the process, would be of interest to me and possibly others on this site.
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9 | 156646 | 7.0¢ |
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Price($) | Vol. | No. |
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5 | 194731 | 0.069 |
2 | 58000 | 0.068 |
2 | 150000 | 0.067 |
3 | 119000 | 0.066 |
Price($) | Vol. | No. |
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0.071 | 4000 | 1 |
0.074 | 133200 | 1 |
0.075 | 109071 | 5 |
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0.077 | 43300 | 2 |
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