Antares will have an option to buy LRS’s remaining 20% share based on an independent valuation leaving LRS with a 2% smelter royalty. Antares can purchase 1% of this royalty for US$40 million.
This is taken from an article 12months ago I've attached the link below. If we have kept the 2% royalty it would be a pretty good deal for us especially with an independent valuation.
Watching and waiting for now.
http://www.*.com.au/companies/news/...ree-carried-at-peru-copper-project-70064.html
Ann: Trading Halt, page-45
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Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $560.2M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.0¢ | $2.403M | 12.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 426200 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 953934 | 9 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LRS (ASX) Chart |
