Ann: Hot Chili and CMP Ratify Joint Infrastructure MOU, page-7

this is an opinion
im starting to think
dammed if they do dammed if they dont
CMP has made a strategic withdrawal from the original deal
thus leaving hch to pay for most of the costs between PFS and DFS
and still CMP come out with the upper hand
ie 51%
its a good move by CMP not so good for HCH

if i boil it down trance 1 payment
CMP pay HCH $26 million
and hch use the funds to pay for 75% of DFS and exploration , reserve drilling ect
all the while the price is capped at 110
so CMP using cash 2 times
1st time to increase share holding
2nd time getting DFS done

on the other side HCH must be able to fund the business moving forward
and this deal will do that
without HCH going to the ASX for funds and thus diluting the shareholders

a good deal all in all i think
but i am concerned about the late changes to the original deal
and what that tells me about CMP way of doing business