This is fantastic and unexpected news.
Tigers have re-negotiated terms with Bering Coal Investments and they have bumped up their ownership to 80% of the Amaam project by removing the condition of the completion of a BFS as part of the earn up from 60% to 80%!
This greately increases the attractiveness of the Amaam project going forward to potential corner stone investors and other majors, and reduces the project risk of having to complete a BFS before being granted the increase of ownership to 80%.
As if Amaam wasn't an attractive project already, it suddenly just got better!!
Great stuff Tiger..
nil.
This is fantastic and unexpected news. Tigers have re-negotiated...
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