Try doing this calculations back to the GPP days.
Mr Ching actually only put $1.5 million into NXE - the other $3.5 million he put into into Balma subsidiary. He is now paying NXE $7 million for the last 50% of the sub so he gets back the $3.5 million. I practice he bought the ground for $8.5 million. Very, very cheap.
Ann: Agreement to sell remaining 50% of Balama Resources Pty Ltd, page-55
-
- There are more pages in this discussion • 100 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
