BKT black rock mining limited
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

  1. Jaxjax
    281 Posts.
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    28/10/24
    09:43
    Post #: 76328277
    They hold 19.99% now.

    As we are looking for a partner to buy in, there will be more shares offloaded to that investor, therefore diluting Poscos 19.99%.

    Posco will have to chip in 25% of whatever a partner chips in to keep there 20% stake.

    partner 120mil.
    poscos 30mill.
    adds 150mil.
    parner hold 120/150mil = 80%
    posco 30/150 = 20%

    that what im refering to that they can at a maximum only put in the total of 30mil if a partner raises 120mil.

    if i partner puts in 40mil, then posco can only put in 10mil or else they go over ther 20%.
    BKT Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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