10c is not owed. It was a share swap for ownership of resource. Just happens that the shares were 10c at the time. I doubt Mindoro at the time saw the share price would then drop to .3c or whatever it was it went down to, otherwise they wouldn't have agreed. If they need the money they might sell some shares, the other option is to raise money via a placement, it's really up to them to decide which is best for their shareholders. Personally I think they would be silly to sell shares, but you can't just simply discount it as a potential outcome (at least a portion of them).
RMX Price at posting:
2.4¢ Sentiment: None Disclosure: Held
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