Ann: PLACEMENT OF SHARES TO PROFESSIONAL INVESTORS-APG.AX, page-4

A picture is forming......

A license agreement for the technology

A new company to be formed.....

A plant to be built (by the operators)

.... and a discussion and a little speculation..... APG to have equity.


All seems to make sense.

My guess ( and speculating) is that instead of just equity which gives APG no cash until plant is operational the license agreement could be a tool to provide APG with up front fees for license.

If this is the case the question is how much will be paid and when