$US3 million is dependant on throughput of 100 tons per day for at least 30 consecutive calendar days. There is a big doubt as to whether that will happen as RRR got nowhere near anything like that. Another $US1 million has the possibly a 3 years timescale on it. IF this deal happens anything shorter term it is $1million over 15 months and they have already had $US100,000 of that, so the terms of deal has changed considerably.
Isnt AB at some event this weekend speaking to investors?, if he is then from a cynical point of view; good timing this RNS for AB deflecting awkward questions on why it hasn't completed yet, no doubt nearer the time we will get another RNS stating that the buyer has had to delay completion because the monies that were in his \Cyprus bank account were transferred to a Greek bank by accident and theyve just left the Euro and the bank gone bust
fair enough magic that's your opinion so will move to .20 in the next two weeks that represents a profit for a few people maybe not yourself but the salient point been it all depends on your entry point
It's just another set of "deal terms", the 3rd set of terms published to date, with each set being worse than the preceeding set imo. No deal has concluded. Will there be a 4th set of terms? I see no value here for shareholders. It's a giveaway price with a paltry amount up front and paltry amounts over 15 months. This is not, imo, going to stop dilution here.
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