No it's not s good question.
Your understanding is correct and it's clesrly stated in the contract.
Example.
say RAC earns a 15% royalty.
COH get low single digit of that.
Say "low single digit" is 3%
COH get 15% * 3% = 0.45% and RAC keeps 14.55%
Ann: Race In-person Investor Briefing Invitation Perth, page-29
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Last
$1.83 |
Change
-0.030(1.61%) |
Mkt cap ! $311.7M | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.91 | $1.79 | $169.3K | 92.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 92 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 3472 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |