Ann: Copper-Gold Resource Acquisition, page-13

WGX got roughly $325k for an asset they don't want and one that they clearly don't see any sense in pursuing for reasons probably pretty clear to them. That's even though they are a singularly gold focused entity.

Something was structured up by MK and Co back when the MLX deal was worked up and somehow, out of the blue Chunderloo got tossed in to the mix even though none of us knew why then and still really don't other than the sales pitch about its attractiveness.

MLX/WGX wanted it gone then and still do today as it turns out.

Give you any confidence about its inherent worth other than its "potential prospectivity"?

And as a kicker to finally get it off their books formally (financial year end just around the corner and all) and formalise the original agreement from way back in 2015, WGX have sweetened its appeal and agreed to dump the first right of refusal impediment that was certain to create a bucket load of complications down the track, if not already.

No one here understood how it might be applied in formal terms when/if the time arose so it had to go.
The market hates commercial unknowns that remain in the shadows but that every one is well aware exist.

Chunderloo is a side show, originally presided over by MK for reasons unknown in my view.

The clear driver of this transaction to me is to unlock the commercial risks to the new RNI that the first right clause clearly created.

Job done. Now back to Wodger quick smart.