Just BPAY my entitlement From todays ann. "For clarity, the...

Just BPAY my entitlement

From todays ann.
"For clarity, the results of the Review are for 100% of the Mt Cattlin Project. GMM has the right
to acquire a 50% interest in the Project, for which it has agreed to pay a total of $25 million. $7
million of this is payable in upfront capital contributions to recommence production at Mt Cattlin
by 31 March 2016, with the balance of $18 million being payable in deferred consideration over​

a period of three years"

So GMM just raised $5m & by 31 March 2016 will have to have payed the total of $7m for upfront cap costs.

Will have to wait for confirmation & size of off-takes to add to calculations but at $250m npv discounted we are still under valued against peers. Just got to get the word out some more & confirm off-takes & we should see a full value.

Will wait until off-takes ann. before contemplating selling any of these

DYOR