BTV batavia mining limited

Yaqona,Please explain something,What if ATW shares trade at say...

  1. 127 Posts.
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    Yaqona,

    Please explain something,

    What if ATW shares trade at say $1.50 what can BTV elect to do when the payment is due in July then Dec up to the final payment?
    From the way I understand it BTV can elect to receive 10 million shares in ATW at $1 each to reach the equivalent agreed cash price of $10m that is left owing to BTV. Is that right or am I way off the mark?

    Therefore if ATW is trading at 1.50 say does that mean BTV make 50% extra on the Gullewa sale?
 
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