RE: Grimmer By The Day19 Mar 2025 16:24
Got to laugh at this excerpt.
A significant factor in Oriole's decision to enter into the Subscription is that the Sharing Agreement provides the opportunity for the Company to benefit from positive future share price performance. There is no upper limit placed on the additional proceeds which could be received by the Company as part of the monthly settlements and the amount available in subsequent months is not affected. Whilst the Company notes the corresponding risk that a fall in Oriole Resources' share price could reduce the amount of proceeds received, as explained below, the Directors expect the Company's projects to make considerable positive advancements over the 24-month term of the Sharing Agreement. If these advancements are successful, and if the success of these advancements is reflected in Oriole Resources' share price, the Company expects the proceeds to be received from Lanstead to exceed the amount pledged under the Sharing Agreement.