I was surprised that this was not mentioned in the GGG announcement, however as it was not I can only think that it was a translation error. If Shenghe indeed had an option over 60% of the project GGG would be required to disclose this fact.
I have included the translated paragraph below, however I can take no responsibility for its accuracy
"2, the project interests
Upon approval by the relevant Government of Greenland for the application of the Target Company for mining rights in the Kovani Bay Project, Upon the satisfaction of the parties' progress, the Subscriber may notify the Company in writing that it wishes to obtain Project 60% interest. Upon receipt of the notice, the parties will negotiate the terms of the M & A transaction, including acceptance The purchase price of the transaction, the financing of the project, and the establishment of a joint venture entity (whether corporate or unincorporated) to develop the project. The M & A will be subject to all necessary government approvals."
Google translated Shenghe announcement
- Forums
- ASX - By Stock
- ETM
- News: GGG Shenghe Resources' rare earth unit to acquire stake in Australia's Greenland Minerals
News: GGG Shenghe Resources' rare earth unit to acquire stake in Australia's Greenland Minerals, page-20
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ETM (ASX) to my watchlist
|
|||||
Last
2.0¢ |
Change
-0.002(9.09%) |
Mkt cap ! $28.08M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 1.9¢ | $46.34K | 2.317M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1426741 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 196797 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1426741 | 0.019 |
6 | 3040226 | 0.018 |
1 | 764993 | 0.017 |
1 | 625000 | 0.016 |
1 | 42000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 196797 | 4 |
0.021 | 845524 | 3 |
0.022 | 326264 | 5 |
0.024 | 162542 | 2 |
0.025 | 120000 | 1 |
Last trade - 12.12pm 11/07/2024 (20 minute delay) ? |
Featured News
CXO
Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered
HCH
Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant
ETM (ASX) Chart |