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Ann: Trading Halt, page-238

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Businessben

251 Posts.

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10/11/21

00:39

Post #: 57444251
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Originally posted by ChinaGold: ↑

I think you hit on a very big point here.
The BFS.

I've been speaking with many larger holders of MEP and ADN.
This is what I've heard.
ADN has 75% and total operation control in the JV and most of the leverage, if we want to call it that.
Except as a JV partner MEP has basic JV rights which weren't signed away.
One of them was to request that a BFS is done.

James did a interview about 12 months ago and briefly mentioned this for 20 seconds and was very diplomatic about it but, he may have been grinding his teeth-he did look a bit funny when and how he said it. You don't really need a BFS to get funding. They are normally only done on very leveraged and big projects. so the directors butts are covered.

The GW funding is a walk in the park and it's been suggested MEP used this card to slow things down as was their right in the agreement.
(Many to get a higher SP or try and get something.)
So, with-out the need for the BFS and 100% ownership, what happens?
I'd assume things move faster for ADN with the banks and maybe better terms?

I think you'll see the mention of BFS disappear going forward. It may not be sexy or a headliner but, I think it's something ADN is very happy about.

I'm loving this deal more and more for both sides every minute.

GLTAHs

Expand

So china, would you vote yes or no on a 1 for 1 takeover offer? thats the real question...

Last edited by Businessben: 10/11/21

ADN Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $24.00M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.6¢	$205.4K	33.70M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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Price($)	Vol.	No.
0.007	9234658	18
0.008	12149410	28
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Ann: Trading Halt, page-238

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Ann: Trading Halt, page-238

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