re: Ann: Pluton acquires additional 50% of Ir... Hi Raks,
When you add the NPV of the potential royalty (ENPV) then the transaction was fair to both parties.
At the end of the day what shareholders are really risking is $5m cash for an additional 50% of Irvine. If Irvine was a dud what good would 19.9% of PLV and a royalty over nothing be?
I think this was a very good deal for PLV or I, and the Board, wouldn't have done it. When valued it was also fair to Cliffs. A win/win, the type of deal I like.
...and I said in the announcement, it gives us more strategic options now.
Cheers Tony.
- Forums
- ASX - By Stock
- Ann: Pluton acquires additional 50% of Irvine Isl
re: Ann: Pluton acquires additional 50% of Ir... Hi Raks,When...
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online