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What is the projected NPV of T3 (Expanded)? Was it worth paying...

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Geeenius

632 Posts.

26

18/07/18

09:32

Post #: 34411542
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Originally posted by Cashmeoutside ↑

Let’s try and dumb this down shall we... my interpretation below..

Basically they have given away 20% of the company for 30% of T3.

That is they have given MTR 58m shares + options - which will add onto the 232m currently issued to give 290m shares on issue once fully converted. That 58m of the 290m SOI is 20%.

I don’t think we can jump and up say this is a dud deal - it was required to move forward and ease of getting finance etc

It’s tough that MTR now hold 41m options which they can’t convert until they sell shares as they can’t go >12.5% ownership under the conditions of the deal.. this will likely place pressure on the SP in 12 months once the shares come out of escrow (or they could sell the ones they currently hold in the meantime?)

I also would like to know the details on the rights to acquire other exploration assets - at what price and under what conditions (scoping study in 3 years).

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What is the projected NPV of T3 (Expanded)? Was it worth paying ~$26M for 30% of that?

MOD Price at posting: 48.0¢ Sentiment: Buy Disclosure: Held
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