Came across this corporate structure in a 31 July 2012 investor presentation. It mentions that LOM's interest in the Kimberlite joint venture reduces from 39% to 30% after costs have been recouped. The 9% goes to Rosas & Petalas.
I haven't seen this footnote mentioned in recent material.
Does anyone know if this arrangement has changed?
Does LOM stand to earn 39% of profits from the mother load or only 30%?
Thanks
Kimberlite Joint Venture Percentage
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