Key points that stick out to me:
$500,000 of MRG shares to be bought on signing of JV, so a $500,000 income to MRG with some dilution
JV share of 75% / 25% is achieved at first production, so LANQI need to get it up and running
LANQI depositing $3 million for set-up costs
MRG is basically free carried to set up the mine, plus any expansion of the mines
Increasing output through the years written in, penalty to LANQI if not met
LANQI will be the offtaker for 100% of the product
Key points that stick out to me:$500,000 of MRG shares to be...
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.525M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 58 | 114955439 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 59422415 | 34 |
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| Last trade - 10.04am 07/05/2024 (20 minute delay) ? |
| MRQ (ASX) Chart |
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