HRZ 2.50% 3.9¢ horizon minerals limited

Ann: Implementation of Merger for Intermin and MacPhersons, page-27

  1. 897 Posts.
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    IMO we should be prepared for the FML/IRC Exclusivity Deed to be early terminated/
    retired at FML's instigation given the AUD Gold price is now +AUD $150 higher
    than when the announcement was made on 11 Feb. 2019.
    Nothing is currently set in concrete-merely a proposal.
    FML's Chinese directors will undoubtedly now want to renegotiate "all" the main terms of the original deed.
    (JP will be feeling nervous the Coolgardie may become an extended further negotiation on
    not so good terms for us).
 
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