RE: Bottle Rockets Musings18 Jun 2020 11:56
Morning folks,
I'm no accountant but maybe the contingent liability of 145m shares payable on "decision to mine" would be a capital cost and thus offset against any future divestment.
Contingent liabilities
Acquisition of Havieron Project
Greatland Gold plc Company number: 5625107
Under the terms of the agreement for the acquisition of the Havieron Gold Project an initial payment of A$25,000 in cash and 65,490,000 ordinary shares (see note 15) of 0.1 pence each in the Company were made. However, a second payment of 145,530,000 ordinary shares of 0.1 pence each will be made upon a “Decision to Mine”.