ownership will be cleared up

  1. 163 Posts.
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    The market rallied on the drill intersections, but then pulled back, probably on the confusion below, however a good outcome on the day.
    There is some confusion about the ownership of the project.
    Bariq the owner operator is 70% owned by Vertex.
    ADV Group owns 25% of Vertex, and subject to due diligence and purchase settlement can move to 100% at its option.
    At this stage, as 100% owner of Vertex, the 70% owner of Bariq, it is reasonable to assume ADV Group will formally become operator,




 
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