Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Better than me Kalan, I've been holding this for years at an average of north of 50p! Haven't got funds to average down atm [personal expenses have rocketed recently], so gonna hope the next couple of years treat Blakley and me well!
So the final payment, due before september is for 2.2 million less 1,4 million in escrow for tax liabilities. "settlement of any tax liability (if any) in full."
Does anyone know how much tax we will pay? It's just a strange remark "if any" to make in the RNS if they're paying 1,4 million into an escrow account.
I'm going to stick my neck out here but I've been watching some of these trades and I reckon there is a big buyer. All the little trades presumably that fella chucking his holding away rate just getting eaten up, same day after day.
Still, even it takes a year thats IRO 700k in interest payments. We're expecting the deal to be worth 12-15 million USD. The cap is just 7.3 million. Still, if they complete within 3 months the interest payments will be dwarfed.
The drilling rig will now be moved off location and the reservoir interval perforated to undergo a short testing period before being brought onto production to supply existing gas offtakers.
Didn't say anything in the original rns about needing approval... Which rns are you referring to?