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You are in effect suggesting that the value of the land and ore would depreciate over 5 years. Surely the opposite is true, Windfield would expect it's value to appreciate, especially as production moves nearer. Only the price of DSO is relevant to future value.

Https://www.bbc.co.uk/news/technology-67028209

USA Lithium

Why would Windfield be keen to negotiate, until they know what the likely outcome is?

"Do you agree with me that the performance payment is only due if alien decide to dispose of project?"

On first reading that is the way it appears. Why would the "c. In the event a decision to mine is made: 50% of the project valuation uplift attributable to the Projects.", be included if that was the case? It doesn't make sense. Ambiguous, maybe deliberately.

*being referred to

I'm not saying it has changed. This keeps be referred to as irrelevant.

c. In the event a decision to mine is made: 50% of the project valuation uplift attributable to the Projects.

Still seems very relevant to me. Especially when you add in the 5.95% of UFO shares Windfield hold and the 10% ownership of Han'k retained. It's a large chunk of the project. Maybe the majority share, unless there is some future negotiation which is to our benefit.

RNS 24 August 2022 RNS

4. If, within 60 months of executing the Option Agreement, Alien disposes of its interest in the Projects, the Company will pay Windfield a performance payment in addition to the Upfront Consideration (Performance Payment).

5. The Performance Payment is calculated by:

a. In the event of a Tenement Sale: 50% of the value uplift attributable to the Projects;

b. In the event of an IPO/Spin-out event on a recognised stock exchange: 50% of the value uplift attributable to the Projects; or

c. In the event a decision to mine is made: 50% of the project valuation uplift attributable to the Projects.

Copied from one of your previous posts Mr.v, do understand this has changed since?

Correction, Windfield have 5.95% of shares in issue, with a value of £744k, at todays price

How have you reached this understanding Prospector? No confirmation of this as far as I can see. Would be great if you are correct, can you supply a source?

Facts are, for the 39% we paid Windfield £60k and they were given new shares, with a current value of £744k. The 260m shares were at the time, worth more than double todays value.

Assume they still own 10% of Han'k.

Read the subsequent RNS's Tango, you are confusing the option & the performance payment .

Yes AJ, some of us on here have discussed this. Others didn't join in the discussion, as though, if they ignored it, it would go away.

No idea how credible it is, hence the ??? Just pointing it out.

Interesting post on the other posting site. Saying not going to mine, but selling???

AAL latest guidance production cost PGE's $1,000, just scrapping a profit currently. Very healthy profit on the DSO.

Palladium current price $1152.

https://tradingeconomics.com/commodity/palladium

"Palladium futures have been steadily declining to around $1,200 per ounce, their lowest since late-2018 dragged by demand concerns and a strong US dollar. Historically, palladium has played a significant role in the electronics and automotive industries, thanks to its remarkable ability to reduce exhaust emissions. However, in recent years, its usage has been on a downward trajectory, due to the increased production of heavy-duty vehicles that primarily rely on platinum, as well as the expanding market share of electric vehicles in China, which now accounts for over 30% of the automotive market. China's car sales increased 2.2% year-on-year to 1.94 million units in August, the first gain since May. Moreover, there are expectations that interest rates around the world, and especially in the US, will remain higher for longer, hurting global growth and demand for palladium."

Only a good match for the DSO, PGE will never see the light of day in my opinion. Have you seen how depressed the demand and prices are? Far too much capital required to make Munni Munni worth while. If it ever happens will be decades away. Still holding out hope for some Lithium.

AAL only have coal currently in Australia:-

https://australia.angloamerican.com/about-us/what-we-do#our-operation-capcoal

Iron Ore in Brazil & S. Africa, latest guidance $39/t production cost.

My pure guess is, they want Brockman.

1 Dec 2021 RNS, IOCA formed, not without a reason.

Announcement out on ASX

2p and I'd be very happy.