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1.4¢ tombador iron limited

Would have thought cash is tombys, not the concessions.$3m AUD...

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Jezzalenko30

613 Posts.

158

25/10/23

17:30

Post #: 70535733
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Originally posted by WBA: ↑

It reads

R5m on acquisition date (1/12/23)
R1m @ 30 days, 60, 90, 120 and 150 (not monthly)

That's the R10m
Plus R5m for the tax refund.

That is R15m for mining concessions & related assets (is that cash on hand too?)

then a lease agreement by which Tombador gets 4.25% royalties on sales price monthly.

all the ore mined >45% separate agreement. <45% can be declined

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Would have thought cash is tombys, not the concessions.

$3m AUD for something generating triple that in a quarter (less fixing costs)

TI1 Price at posting: 1.4¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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