RE: Bounce25 Aug 2022 11:39
Filo Del Sol
"In connection with the Private Placement, BHP has been granted certain participation and top-up rights, allowing BHP to maintain its ownership interest from time to time, provided that such participation rights will not apply to any portion of BHP's ownership interest in excess of a 9.9% undiluted ownership level in the Company. In addition, the Company and BHP have agreed to form a joint advisory committee to share expertise, exploration concepts, and discuss future project development."
I think BHP have made a $100mil investment in this Argentinian Discovery.
The point I am making is that they are represented at board level and seem to have a far more amiable relationship