GUN 0.00% 1.1¢ gunson resources limited

share price, page-12

  1. 579 Posts.
    My understanding is the "major" will be contributing cash component for a share of the Cockburn project only.
    For example if total Capex cost is 100 Million, then 45% of this would be 45 million.
    They then get 45% of the total production from the project.
    I could be very wrong and mosy probably is, buts thats how i understand it.
    Landzt in his post makes a fair point, how can they effectivly give 45% of the company to the "major" in shares, without share holder approval, there would be a absolute uproar, in particular from the major shareholder i would think.
 
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