Reconcile this19 Jun 2025 13:59
Darren "The $4m bond is years away. D/D [due diligence]was completed pre-announcement.
I could have financed purchase prior to the news release and executed.
You don’t struggle to finance this type of deal.
It’s a real, high value asset once combined, as I’ve done, and yes Canada see that."
RNS
The agreement includes an initial due diligence period in which Panther has the right to conduct agreed exploration work.In the initial 12-month due diligence period Panther has the right to all project data and to conduct an agreed exploration programme on the First Quantum property, in return for a C$100,000 payment. Prior to the expiration of the due diligence period, Panther may extend the period for a further 12 months up to three times (for a total maximum due diligence period of 48 months) by making payments of C$50,000 per extension. AND
Panther will be required to replace First Quantum's outstanding letter of credit for C$4,000,000 (or such greater amount as may be in place as of the completion date)
How can the L/C be years away [which means the project is years away] yet you've done the dd already & ready to buy with finance lined up.
This is why companies should not be allowed on social media. RNSs are a company's mouthpiece.
Basically if financing of the co is sorted, you don't need to pump the sp with continuous tweets.