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Ann: Voluntary Suspension Update, page-32

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  1. 222 Posts.
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    Does anyone know how they were going to pay for the Tarmoola Station? The last I heard they were conducting due diligence on the property and the mining services business. If that has come up golden. It wouldn't surprise me if TNR was offering / going into a share subscription agreement with the current station owners as a way to pay for the station. The better TNR does over the next few years the more the old owners get? This would allow TNR to effectively buy the 172000Ha with less upfront capital expense. Thoughts?
 
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