RE: It's working28 Nov 2025 11:08
Nobody gives a toss what you think DB, even the TG have no interest in what you're saying.
For all the talk of how stupid we are for not understanding the deal, there's still plenty of debate about what it actually means in the group, and a noticeable lack of clarifying messages from Gary James and Pete. Seems everyone has their own interpretation:
"The deal is capped by the 49.9% and by the $200m in tokenized assets.
The way I'm reading between the lines on the RNS is as follows:
If Valereum's market cap is lower than $200m if/when QGP exercise their option then they'll get their 49.9% for less than $200m.
If Valereum's market cap is higher than $200m if/when QGP exercise their option then they'll get less than 49.9% for their $200m.
There are loads of other factors potentially involved here (e.g. how much they want to commit, the grade of the assets offered etc), but I think that's the basic maths - all other things being equal.
Totally IMO here, by the way. Will delete if anyone on the company side gives me a nod that I'm talking nonsense."