As I said in previous post Lattimore has no agreements with the company he is just a shareholder like the rest of us. As to Pat Eddie his agreement is a financing and marketing agreement. He and his investors have provided substantial high risk capital when no one else would so that the company could develop the mine. The alternative would have been equity to dilute other shareholders by more than half. So while it is expensive it is less expensive than the dilution. Also it is limited to 8 million tonnes . This is a good result;lt for the company as when done it will pay off well for shareholders in an equity position.
Just the facts
CKA Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
