A40 0.00% 8.2¢ alliance mineral assets limited

Are we referring to the clause for expanded production?Because...

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. 195 Posts.
    lightbulb Created with Sketch. 110
    Are we referring to the clause for expanded production?


    Because the last mention of the specific term "right of first refusal" was in SGX:40F announcement on 05/10/17 for the following term:

    "2.7 AMAL shall sell all of its share of production of lithium concentrate to Burwill on an annual basis, up to 40,000 tonnes. Thereafter, Burwill has a right of first refusal to purchase the excess lithium concentrate produced (if any). Burwill has exercised its  right to purchase all excess lithium concentrate produced (if any) for the first 2 years."


    However, the above term was removed as part of a follow up announcement on SGX:40F on 31/10/17:

    "2.3 Paragraph 2.7 of the 2 October 2017 announcement has been deleted. Instead, AMAL shall sell all of its share of production of lithium concentrate of a grade of at least 5.5% to Burwill until 31 December 2022 in accordance with the provisions of the Amended Offtake Agreement. Thereafter, the parties shall negotiate the terms of sale of lithium concentrate to Burwill."


    There is also no mention of ROFR in the scheme booklet.

 
watchlist Created with Sketch. Add A40 (ASX) to my watchlist

Currently unlisted public company.

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