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12.0¢ kagara ltd

Who purchased Admiral Bay?, page-8

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amertoo

2,073 Posts.

124

03/12/16

22:42

Post #: 21086117
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Originally posted by bbloff ↑

I just noticed this while reading over some past ann's

"PLD will buy the Admiral Bay zinc project south of Broome from the liquidators of failed miner Kagara for $500,000 plus a $500,000 convertible note and a 1.5 per cent net smelter royalty. A further milestone payment of $2.5 million in cash or shares will be paid on the third anniversary of the start of production."

Who exactly is the benefactor of that 1.5% smelter royalty, and the $2.5m cash in when production starts at some very distant future date?

I'm sure all KZL holders will receive a cheque in the mail.. yeah right

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Hi I'm a KDR holder and it seems your old bod members have crossed my path with a compamy MZN . Up to something they are taking KDR to court for lithium rights treacy,hutton,robinson have a look ...........

KZL Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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