DRE 12.5% 1.8¢ dreadnought resources ltd

Ann: Trading Halt, page-23

  1. 1,920 Posts.
    lightbulb Created with Sketch. 775
    i thought it was like a funding of payment for discovery and developing to have a share of the resources?

    like farm in company will pay $x for x% of resources and can have additional clause to update the $x for additional x%.
    Kind if like payment over time if the resource is there.

    Its a win win scenario, DRE get money to continue discovery but gives up x% pf resources (no risk), and farm in company will spend $x for a potential $x in the future (small risk but can leave anytime they want).

    Correct me if i am wrong but it will only be for Iron if my assumptions are correct.
 
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