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True Travel card. Interesting that following ARCM's 'buyback' of PDMR share options, those receiving payments to date, have apparently opted to take the money, rather than the shares.
Will be interesting to see when, and in what form, (shares or cash), the balance of the monies owed, will be paid.
In addition, to the best of my knowledge, Rothschild's are yet to receive remuneration for their services, which, in light of the transformational deal they presumably played a significant role in negotiating, and therefore earned, will not be peanuts.
So says the man who couldn't care less how much we paid for PAYPT. Despite completion of the deal, shareholders, who actually OWN the company, have no idea as to what we paid for it, and we are to trust the board with the freedom to issue millions of new shares as they see fit?
ARCM RNS Dated 12 May 2022.
Agreement with Anglo American & Investor webinair.
"Making cash payments to Arc Minerals totaling up to USD 14,500,000, as follows:
USD 3,500,000 upon signing of the joint venture Documents. ("Effective Date").
etc, etc.
Seems pretty clear to me, "making cash payments to ARC minerals," and going on to detail those payments.
There is a huge difference between 100% as implied, and the possible 67%. Obviously the board at ARCM know which amount the company is due to receive, and given the above, I would expect it to be 100% of the payments detailed in the 12 May 2022 RNS.
Don't beat yourself up, most of us have made the same errors of judgement, it's how we deal with the disappointment/loss that matters, and I am the last person to offer any advice.
Welcome back to AGL, fingers crossed things turn out better this time around.