Australia's largest stock trading and investment forum Australia's #1 stock forum

EGO EPW

Ann: Revised Terms on Corporate Transaction with ERM Power, page-45

First 45 Last

Share
Profile

Follow
jake0002

6,942 Posts.

746

31/10/14

11:46

Post #: 14214862
Share

Originally posted by Pinnacle ↑

Hi Jake, I really don't think they have an option as they also want to see a return on their investment & let's not forget if we vote yes & end up in a position where the company cannot pay down the debt then ERM get all of the assets & tenements by default. Is that a huge risk for the price they will receive them for? I think either way it is a win/win for ERM!

Expand

am not sure if ERM loan of $15m is secured - but probably is. I would if I were ERM.
But, Alcoa has security over RG and all those related permits, plus probably those new prod licences.
so it gets back to pricing.

EPW Price at posting: $1.78 Sentiment: None Disclosure: Not Held

EGO Price at posting: 0.6¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

AXP

Tambourah chases gold veins and mineralisation extension with drilling

There are more pages in this discussion • 45 more messages in this thread...

First 45 Last

Add EGO (ASX) to my watchlist

SPONSORED BY