Obviously AK, BB and Regent have all agreed to the consolidation. They won't let their long term investment just wither away again. This has been a long time coming and finally things are shaping up nicely.
I find the performance rights particularly interesting.
AJ's (Allocation 1, 15M Shares) has changed. Instead of just signing on and staying for 9 months, to earn this he has to now complete a 1,500-meter drilling program at the Sulphur Springs Project by 3 January 2019.
The ED Performance Rights shall vest on the Company entering a Material Transaction. (AR: 10M Shares)
Material Transaction means any one of the following:
1) dispose of at least a fifty percent (50%) of Sulphur Springs
2) unconditional takeover 50.1%
3) acquisition of company by entity to control board
4) raising money for Sulphur Springs whether by equity funding or debt funding
So here we have 4 scenarios that may play out. I hope it is scenario 4 that eventuates.
Obviously AK, BB and Regent have all agreed to the...
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Last
$2.04 |
Change
-0.040(1.92%) |
Mkt cap ! $526.4M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.08 | $2.00 | $924.4K | 453.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.07 | 9353 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| DVP (ASX) Chart |