Venus must pay $3 mill only for their share of exploration costs only after a decision to mine is made. VMC can also choose to repay their share of mine development out of their share of the mines profits interest free.
Thats the deal that AP signed. Go back to 2019 and you’ll find it in company announcements.
I’ve said this many times before you shouldn’t do business after spending weeks with a truck load of cola.
Ann: Investor Presentation - Diggers & Dealers August 2022, page-42
Add RXL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $53.37M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.3¢ | 12.8¢ | $161.5K | 1.242M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 280068 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 153105 | 3 |
View Market Depth
| Last trade - 13.09pm 04/10/2024 (20 minute delay) ? |
| RXL (ASX) Chart |