AZS RIO

I have read the announcement a few times and that's what it says...

  1. hots
    627 Posts.
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    18/08/14
    15:08
    Post #: 13833612
    I have read the announcement a few times and that's what it says Bob. It's a unsigned cheque that Rio will reimburse 5 times AZS spend at the date (within 6 years) if a JV is signed (including the 5*$10 mill they have already spent). I fine it hard to believe!

    Anyone shed any light?

    Cheers
    hots
    RIO Price at posting: $65.22 Sentiment: None Disclosure: Not Held
    AZS Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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