Several times the comment was made that the acquisition would not put pressure on the companies finances. But at the same time MG would not be drawn on price or funding. However an side to the effect that upfront cash would be very low and any other future payments contingent on milestones is a good indication I think of current thinking. Possible funding from other sources, but nothing concrete.
Funny, but how about a "reverse" royalties scenario? With SLX taking back control of the process, it would no longer receive a royalty for enriched material. So how about SLX pays 6% of gross income from enriched material until $x are contributed back to GEH for their 76% stake. No new shares issued, no dilution of existing shareholder value. If the deal is "ridiculously" good, then this might be the type of arrangement that could be struck. Thoughts?
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- Ann: Silex AGM Presentation - 2017
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