Following on-the lead time of mid June 2019 gives MRP plenty of time
to considerably increase the Boolara resource on the back of their more
recent excellent assay reports(some grades massive albeit of only ~1m).
Neverthless with a mutual agreed "break fee"of tiny $280,000 there are
lots of reasons for MRP to walk away from the deal for a bigger third party offer.
Footnote-the "pause" in trading is now replaced by a "trading halt" until Friday.
The latter mentions some market sensitive "clarification"-hence it may be due to
some last minute inclusion of a clause regarding any subsequent Boolara resource upgrade.
Alternatively could be something else.
-A long wait until Friday !
IRC Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held