Just my guess. I have no basis for this other than a guestimate.Amend the funding agreement to allow BEZ to use the USD money to buy back and cancel all the shares coming out of escrow on Sunday 8th of October. But not touch the directors call options.
53mio shares at AUD 20c equals about AUD $10.6mio. Convert to USD at 0.64c equals USD 6.78 mio.
Use this month’s USD 10mio to pay out all and cancel the 53mio shares at a cost of USD 6.78mio.
If its only Pangea’s 40mio shares the cost would be AUD 8mio or USD 5.12mio cost of the USD10mio they are getting.
I will add in that I don't think you get 2 Quantum people joining the board to say were not giving the money. You get two Quantum people joining and help solving any outstanding issues to progress BEZ towards gold production. I am thinking positive here that they have come up with a solution.
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