Oh my, my, my ..., page-7

Gordana. It was always obvious the IMA would have to be for 10 years. Even the worst investor can work out nil return to buyer receiving $2 m pa ( if They paid $12.5m for only 7 years, let alone the normal ASX limit of 5 years.). Why did NAOS not fight for lower payment - well they also have substantial embarrassment if CGA falls over, so they were not free negotiators? Multiple objectives?
Of course, if CTN shareholders reject new IMA, CGA picks up $2m already paid, and $2m pa for 3 years 8 months at $2m pa. - just break even for NAOS. Not a Buffett winner But bought a few months lifeline for GB? Or so he thought!
DYOR