Australia's largest stock trading and investment forum Australia's #1 stock forum

BMO

Click for more information

0.00%

0.6¢ bastion minerals limited

Ann: HCH Completes DD & Enters US3.3M Option Agreement-Cometa, page-13

First 13 Last

Share
Profile

Follow
hsv2001

3,477 Posts.

304

21/02/24

11:20

Post #: 72512569
Share

Originally posted by sle: ↑

Good start mate but still an option and still really not done and dusted as HCH can still opt out as I read it. Hopefully HCH excise that option earlier than 18 months but IMO they are in a win win situation. (They'll earn probably just under 200000 in interest during this period - 18 months on $2400000) Matter of interest what if someone comes along now and wants to purchase the project?? Where does BMO stand??

Option
● A Non-refundable cash payment of US$200,000 to Bastion within a 12-month period of the Grant
Date for Hot Chili to continue with the Option.
Exercise of Option and Purchase Price
• Consideration of US$2,400.000 to Bastion if the Option is exercised by Hot Chili within 18 months
of the Grant Date; or
• Consideration of US$3,000,000 to Bastion if the Option is exercised by Hot Chili within 30 months
of the Grant Date.

Expand

certainly not an ideal deal, they could drag their feet for years! I really don't understand the point of making it an option. If you've done your DD and interested you'd agree to it. This essentially reads that they now have a 30 month due diligence period for a cost of $200k, locking any other potential buyer out and could pull the pin at any time.

BMO Price at posting: 1.2¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Exploring the causes and potential solutions to Australia's housing crisis

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Revolutionary inverter technology leads the clean energy charge

Emerald & Azure score Digger & Dealer awards

PV1

Provaris tells ASX non-binding MOUs are still material to share prices in somewhat fiery compliance response

There are more pages in this discussion • 28 more messages in this thread...

First 13 Last

Add BMO (ASX) to my watchlist

(20min delay)
Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $2.610M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$9.91K	1.651M

Buyers (Bids)

No.	Vol.	Price($)
2	420651	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	2017000	4

View Market Depth

No.	Vol.	Price($)
2	420651	0.006
14	6201794	0.005
7	3451047	0.004
4	1685421	0.003
2	1700000	0.002

Price($)	Vol.	No.
0.007	2017000	4
0.008	3184250	6
0.009	833333	2
0.010	1086231	3
0.011	1883333	3

Last trade - 15.56pm 08/08/2024 (20 minute delay)

BMO (ASX) Chart