KZR 7.23% 7.7¢ kalamazoo resources limited

Write-up of KZR, page-3

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    It's either cash or shares (DEG can choose), and the first tranche is in 12-18 months and the second tranche is 18 months after that.

    You'd imagine that they'll want to preserve cash during construction etc., so may very well be shares.
 
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