FML 0.00% 15.0¢ focus minerals ltd

treasure island price query???

  1. 2,415 Posts.
    lightbulb Created with Sketch. 19
    Im was just reading thru some reports and was curious as to why Focus paid so much for the final 25% when the 75% interest was a lot cheaper???

    The Treasure Island project was acquired in June 2010 for 3 million FML shares for a
    75% interest.


    The other 25%
    As consideration, Focus will grant to the vendors, Semro Pty Ltd, five million fully paid Focus shares
    and $2 million in cash payable in $80,000 instalments over 25 months
 
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