CNB 11.9% 47.0¢ carnaby resources limited

DCX is free carried until a decision to mine is made, at which...

  1. 1,066 Posts.
    lightbulb Created with Sketch. 6389
    DCX is free carried until a decision to mine is made, at which point Carnaby have the right to purchase the DCX 17.5% interest at market valuation.

    They do not get to choose which part to buy only if they wish to or not. To some extent Carnaby control the timing because they control the decision to mine.
 
watchlist Created with Sketch. Add CNB (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.