RE: From today's Boatman Report, page 1710 Aug 2021 07:13
dssloan
“ I'm still slightly wary of the reaction to the land purchase sale.”
Well, we can be having you “wary” can we? If you had any real interest in the topic, you could have gone as far as to read the original RNS, surely?
As PW said, in reply to the boatman scam. Argo didn’t pay $17.5m for the land.
“ The acquisition of DPN LLC (by way of a merger with a wholly owned subsidiary of Argo) gives Argo access to up to 800-megawatts of electrical power, where Argo intends to build a new 200mw mining facility over the next 12 months. This facility will provide Argo with what it believes are some of the lowest electricity rates in the world, the majority of which is from renewable sources.
The consideration for the acquisition was an initial price of US$5M, satisfied by the issue and allotment to the shareholders of DPN LLC of 3,497,817 new ordinary shares in Argo, with up to a further US$12.5m in shares at a predetermined price being payable if certain contractual milestones related to the facility are fulfilled.”
There you go. Relax and have another cup of tea. If you’re wary of anything else, you only have to ask for help.
:-))