not necessarily. Depends on the wording of the JV agreement. As part of the due diligence when entering the JV MCT would have had to satisfy itself that the leases were in good standing and may therefore assume any future liability on the JV pro rata percentage.
I've seen contracts cut both ways on issues like this.
Ann: Push Forward with Exploration at Yundamindra, page-10
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ARI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.6¢ |
Change
-0.002(7.14%) |
Mkt cap ! $16.08M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.6¢ | $77.34K | 2.843M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1717400 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 35000 | 1 |
View Market Depth
| Last trade - 15.52pm 04/11/2024 (20 minute delay) ? |
| ARI (ASX) Chart |