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Ann: Revised Terms on Corporate Transaction with ERM Power, page-45

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jake0002

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746

31/10/14

11:46

Post #: 14214862
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Originally posted by Pinnacle ↑

Hi Jake, I really don't think they have an option as they also want to see a return on their investment & let's not forget if we vote yes & end up in a position where the company cannot pay down the debt then ERM get all of the assets & tenements by default. Is that a huge risk for the price they will receive them for? I think either way it is a win/win for ERM!

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am not sure if ERM loan of $15m is secured - but probably is. I would if I were ERM.
But, Alcoa has security over RG and all those related permits, plus probably those new prod licences.
so it gets back to pricing.

EPW Price at posting: $1.78 Sentiment: None Disclosure: Not Held

EGO Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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