Apologies to all my numbers were from memory and not quite right
From the annual financial report
"Following the initial US$10 million investment, Pak Marthen will have a six month option to purchase an additional 5% interest in PT Gulf for US$7 million. Pak Marthen will be entitled to one board representative on Gulf."
So thats 15% interest for US$17mill (AUD$22.2 million) and our mc is AUD$31 million
Just keeps getting better
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- Ann: Gulf receives Provincial Government Approval-GMC.AX
Apologies to all my numbers were from memory and not quite right...
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