Bit quiet on here, so would love thoughts on this risk identified on the prospectus from the CR mid last year.
this deal should have been completed a long time ago.
What’s going on with the deal and what’s the ramifications if the deal is not done?
interested in thoughts
Development risksThe Company's tenements are subject to a Mining Rights Deed dated 20 November 2017 with EVM Nickel Pty Limited (previously EV Metals Australia Pty Ltd and Ausinox Pty Ltd) (EV Metals), as varied by a Deed of Variation dated 7 June 2018 (Mining Rights Deed). Under the Mining Rights Deed EV Metals owns the mining rights for all Oxide Minerals on the Company's tenements as detailed in the Company’s initial public offering prospectus released to ASX on 27 February 2018 and ASX announcement dated 19 June 2018.
POD Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
