Why do you think there was a desperate money grab now? @Clark888 They are in commercial talks with SIMEC and they should have enough left on their credit facility to last until later this year.
So why give up 20% of the cash owed to them, 25% of the royalty payment, 100% of the guaranteed quarterly royalty payment, 100% of the excess (above JORC) copper royalty, move the final large cash payment back to probably 2021 and give CMC 3-year exclusive exploration rights around North Portia.
My personal thoughts are CMC did not deliver on the data for permitting and Radford had HAV over a barrel.
Ann: North Portia Revised Divestment Terms, page-10
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21.5¢ |
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Mkt cap ! $72.94M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 21.0¢ | $9.273K | 43.51K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76670 | 21.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 27949 | 2 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| HAV (ASX) Chart |