re: Ann: Revised terms agreed with ENAMCO for... http://www.perthnow.com.au/business/big-cash-delay-for-chalice-gold-mines/story-e6frg2r3-1226253658305
http://www.tesfanews.net/archives/6319
Extract
The WA mining company was due to receive a $US32 million ($A30.4 million) payment from ENAMCO by the end of the month, but that has been delayed until the close of a deal between Chalice and China’s SFECO Group for the sale of the rest of the project.
Chalice said the state-owned miner had requested the extension to allow for the completion of its own negotiations with SFECO.
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Looks like Phirang123 is right. No money till after the deal is voted through.
Blatant holding a gun to the head situation leaving Chalice facing a bad deal or no deal.
Ann: Revised terms agreed with ENAMCO for sale of, page-8
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