Goofy.
Re the $30m or $29.5m in placements.
The way I read it is $19.5 Huatai, and then the $10m to AMC Wanhai Securities Limited, how much if anything they are going to get from AMC? (Page 5 July Argonaut report).
There is also the "Sophisticated Investors" that I guess can now be added to the placement pool. 24/7/17 $2m to some Sophisticated Investors, then on the 18/8/17 another $2.5 m to some more Sophisticated Investors.
From the last NTU / Argonaut report dated back 11th July this year, I believe that on page 2 (last paragraph) it clearly states as to how much they intend to be making out of this project at today's spot HREO prices. Sweet FA.
http://northernminerals.com.au/wp-c...erals-NTU-Breaking-ground-at-Browns-Range.pdf
...
Ann: NTU Presentation New York and Europe Roadshow, page-3
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