My understanding is that there will be $50k plus 1M options (returning $250k to HVY if converted) paid to fosters to find investors willing to invest $2M cash for a royalty.
There is dilution if the options are converted. around 2.2% dilution on current soi.
That royalty would likely be in the form of a percentage of sales. The terms are not provided yet but let's assume the $2M attracts 1% royalty for PG's life of mine and sales are $40M p/a for 16 years.
0.01 x $40M = $400k p/a. I have no doubt Fosters have investors lining up for this deal.
Again, the terms are not visible yet so I am speculating the figures.
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My understanding is that there will be $50k plus 1M options...
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Last
5.4¢ |
Change
0.002(3.85%) |
Mkt cap ! $3.4M |
Open | High | Low | Value | Volume |
5.3¢ | 5.4¢ | 5.3¢ | $3.065K | 56.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 23840 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.053 |
1 | 117980 | 0.051 |
2 | 29940 | 0.050 |
1 | 20000 | 0.047 |
1 | 20000 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 23840 | 1 |
0.055 | 31746 | 2 |
0.057 | 85000 | 1 |
0.064 | 3409 | 1 |
0.067 | 57000 | 1 |
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