Here the purchase details to my previous comment about royalties...

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MagicSeven

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22/01/18

14:58

Post #: 30470998
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Originally posted by MagicSeven ↑

Sf120 you just talk about the 250 cash and the debts.. but I was reffering to the complete purchase deal and price details. And I have also included all other costs which the deal isn't speaking about but which are in our books, but which are still our liabilities after a possible deal..

Here the details and my conclusion:

"4. Purchase Price:

• Cash consideration of USD 250 million comprising:

(1) USD 230 million payable on Completion; and

(2) USD 20 million payable 3 months post Completion, subject to
typical working capital adjustments.

• Assumption of USD 10 million of liabilities in the form of local overdraft
facilities.

• Contingent royalty payments of up to USD 20 million.

So my own calculation based on the deal:
+ 250mn cash
+ 10mn fac.
+ 20mn royalties
(max. over 30month copper/cobalt)
= 280mn deal as a total!)

5. Royalty Deed
Terms:

• Sinomine HK is to pay copper and cobalt royalties of up to an aggregate of
USD 20 million to Tiger."

So we have a max. possible total gross cash-in of 260-280mn after 30month or ~ after 3 years. Minus 208mn debts and we have about 52-72 net cash. Than we have still other liabilities than the 208 mn debts in our books of about 20-30mn.. and therefore we will have an ending cash amount of around of 32-42mn (net cash impact) for tgs after the deal and the period of royalties has ended..

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Here the purchase details to my previous comment about royalties (max. 20mn):

• Tiger’s entitlement to the royalty will expire 30 months following
completion of the Transaction for the copper royalty and 30 months
following commissioning of the cobalt plant at the Kipoi Project for the
cobalt royalty.

TGS Price at posting: 4.9¢ Sentiment: None Disclosure: Held
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Here the purchase details to my previous comment about royalties...

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From the Floor question: "Could gold be manufactured in a lab like diamonds?"

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

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