CAP 2.27% 4.3¢ carpentaria resources ltd

Ann: CAP and Pure Metals agree new JV to develop , page-8

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,937 Posts.
    re: Ann: CAP and Pure Metals agree new JV to ... Hi Snowy, thanks for your posts I really appreciate your input. I also first bought into CAP due to the fantastic JV with BMG, but as you say, it was ultimately too good to be true.

    Correct me if I'm wrong as I'm only going from memory, but the original deal with BMG was BMG would pay $25M for the BFS to earn 80% of the HIP. Cap would retain 20% and be free carried.

    Now Puremetals will be paying only $5M towards the BFS, but CAP will retain 60% of the HIP.

    CAP has $5M to continue the BFS for now, and will be working towards securing a JV partner to perhaps stump up the remaining $20M or so needed for that, plus any other conditions (free carry etc.) that Nick can negotiate with the 60%.

 
watchlist Created with Sketch. Add CAP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.