Hello. Yes. Its difficult to understand the royalty. Say ESR produced 500,000 tonnes over 5 years sold for US$300/t. The royalty might be US$375,000. That's a large gift for investing $350,000.
Say the investor invested $5M and ESR produced 500,000 tonnes over 7 years sold for US$300/t. The royalty might be US$1,050,000. That's a reasonable bonus for investing $5M.
But the 0.25% royalty for investing a mere $350,000 is difficult for me to understand.
On and from the Tranche 1 Completion Date, the Company
grants the Subscriber (or its nominee) a 0.25% gross revenue
royalty on the sale of manganese ore extracted and
recovered from the Timor-Leste Project (“Royalty”). The
obligation to pay the Royalty continues for 5 years from
commencement of first production. In the event the
Subscriber subscribes for and is issued $5,000,000 worth of
Shares under the Tranche 2 Subscription, the percentage of
the Royalty will increase to 0.5% and the term of the Royalty
will increase to 7 years from commencement of first
production.
- Forums
- ASX - By Stock
- Ann: ESR secures Strategic Investment to advance Timor-Leste
Hello. Yes. Its difficult to understand the royalty. Say ESR...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ESR (ASX) to my watchlist
|
|||||
Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $10.55M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.5¢ | $76.27K | 13.36M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 4571724 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 5367053 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 4571724 | 0.005 |
4 | 3425690 | 0.004 |
6 | 7189994 | 0.003 |
3 | 5825000 | 0.002 |
2 | 3750000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 5367053 | 4 |
0.007 | 8734566 | 10 |
0.008 | 1596250 | 3 |
0.009 | 150000 | 1 |
0.000 | 0 | 0 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
Featured News
ESR (ASX) Chart |