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70.0¢ mallee resources limited

Ann: MYL Enters into Binding Agreements for Divestment of Bawdwin, page-106

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356 Posts.

68

23/08/21

11:36

Post #: 55494168
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Originally posted by Xerof: ↑

Read it again. Ask yourself, who is 'the Company', and who is "BMR" and which entity gets the 2 differing settlements.

Under the Binding Agreement - Option Agreement, the Company will receive US$16,875,000

Under the Binding Agreement - Operating Agreement:
(a) BMR will receive a total of US$13,125,000 comprised of:
(i) US$51,000 from WMM as consideration for the sale to it of all the BJV Shares held by BMR;
and(ii) US$13,074,000 from BJV in relation to outstanding loans made by BMR to the Project (as provided to and utilised by BJV on behalf of the Project),which the Company and BMR will then seek to repatriate to Australia. This process may take an extended period of time to complete due to the operating environment in Myanmar;

I don't think I can assist any further. It's black and white in the Announcement

Bye

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So the cash is indeed trapped. Che zu tim ba deh.

MYL Price at posting: 7.0¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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