"On successfully completing the Placement, Entitlements Issue, the Royalty Transaction documentation and BlackRock confirming that all conditions precedent to the Royalty Transaction have been satisfied, the $15.6 million Royalty Transaction will be completed."
The original deal was for $12 million and now it's $15.6 million. Still the same terms apparently?. I must be missing something because I can't see how BlackRock would accept the same royalties as before unless they get something extra for their extra commitment of $3.6 million.
Also I can't understand why we need to ask for more than $12 million or any more "royalty" money for that matter with $15 million already in our bank.
AVB Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held