I understand that there is a hesitance to describe the assets as being sold but I assure you, that is exactly what clause viii is there for
Let me pose the question
" Why would CPN bother to go to all the effort of negotiating a 'Contingency Payment Deed' as part of their demerger from CZI, if not for exactly this kind of scenario ? "
30% of the asset was valued at 76M in the CZI T/O .. they knew they were giving it away but it was also in the interests of shareholders to gain exposure to OZL share price and further development / increase in value of those assets.. OZL agreed to 'future proof' the deal by signing off on the contingent payment deed for CPN.. otherwise why would they dpo the deal.. this was part of the deal and it's playing out now before our very eyes
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