My Simple view:
The Farmin relates to MEO's 70% not CUE or MOGs 15% each.
Doesn't effect MOG or CUE's position in the permit, I imagine they will hold exatly the same amount with or without the deal as MEO would not be able to deal in something they don't have.
So if the Deal doesn't change MOG or CUE's position in the permit then why would they be privy to the details of the Deal any more than us shareholders?
CUE and MOG's Deal with MEO is that MEO holds 70% of the permit if they carried out Investigative work etc and Drill by a certain date. I imagine these requirements therefor stick to the 70% MEO has and any other party that susequently obtains rights to part of this 70%. So CUE and MOG look on from the sidelines and wait for MEO to act, or not.
- Forums
- ASX - By Stock
- MEO
- riddle within a mystery inside an enigma....
riddle within a mystery inside an enigma...., page-21
-
-
- There are more pages in this discussion • 3 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 MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online