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0.5¢ southern cross exploration n.l.

certainly I will not be arguing against the intelligence of your...

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ddzx

28,706 Posts.

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23/02/18

11:41

Post #: 31285867
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Originally posted by Stevienix1 ↑

Well if you took any time to do any research rather than just down ramping the day after your status went from "held" to "not held" then you would know that the debt to the vendors of the DTR assets had some contingencies attached to them. i.e. Lucky Strike: $10m in 5 years and $10m from production royalties and Gold Links $3m this year and the balance of $7 million over 5 years.

If the grades continue, the fact is the share price could rise at a rate that if the vendors chose to sell they could collect a large chunk of that money earlier than expected and if the company goes on to be a huge success they could make more than originally bargained.

Either way and no matter what the reason DTR has done a great deal, it has removed all short term pressure on making vendor payments, at the very least i interpret that as all parties are on the same page now and have confidence that the project has a serious chance of success

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certainly I will not be arguing against the intelligence of your post (which is refreshing & rare for this thread)

Last edited by ddzx: 23/02/18

SXX Price at posting: 1.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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