NML 0.00% 11.0¢ navarre minerals limited

Arete holding, page-6

  1. 994 Posts.
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    Pure speculation on my part but perhaps there is a contractual agreement that Arete Capital have an option to purchase the NML shares from Smorgon/VBS at X price. This I don’t think would have to be disclosed to the public as both Arete & VBS are private companies.  

    Sort of along the same theory as Rivermore that Smorgon is ‘warehousing’ it for Arete until they decide to make a move.

    We know that there are close links between Smorgon/VBS & Arete from other cap raisings so if this turned out to be the case it wouldn’t surprise me.

 
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