Gordana. It was always obvious the IMA would have to be for 10...

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