Ann: Sale of Gilded Rose Gold Project for $4M Consideration, page-6

Exactly - here is the actual payment plan for the transaction:

$20K upfront payment

$80K "On completion of due diligence" - by 21st May (not in AMG announcement), so expect due diligence to take longer to complete as due diligence will require site visits and Covid-19 restrictions will prevent that....

$1.4M "Due" on 30th June 2020 but conditional of PNN cap raising, but the chances of a successful PNN cap-raising in the current market with their current share price is 0%

$0.5M Due on 31st Dec 2021 "on completion" whatever that means, this money is too late to help bring Mt Freda into production anyway on AMG's own timeline.

$1.0M "Milestone payment" upon 10K Ounces of gold production from Gilded Rose assuming they even get into production which is a stretch, and assuming they don't cease production at 9999 Ounces, again - funds too late to get mining at Mt Freda

1.0M of worthless PNN scrip - no timeframe given.

Oh look - in the PNN ASX release there is a general get-out clause for COVID-19 delays - what a surprise! not.

So AMG shareholders can count on the initial $20K payment and thats about it. Everything else looks highly conditional and subject to delays, this is basically the same conditional Chinese put option as before, but using the PNN shell to circumvent FIRB restrictions.