Arc minerals interest8 Nov 2018 09:26
In June George gave prem a $300k loan for 6 months and used our 4.5% interst in Arc minerals as security. Today that interst in Arc is worth about $1.2m . No mention of prems interest in Arc in yesterday's rns as prem will not pay George back his money by end of next month.
And who ends up with the $1.2m todays value interest in Arc minerals? He planned the whole thing just as with TCT.
Crazy stuff !