Wild Bill, I think that your interpretation of the $34M clause is slightly off mark. My understanding is that CHN can break the sale deal with SFECO if ENAMCO dont pay the money owed for their 30% share. The purpose of this clause is therefore to 'encourage' the Chinese to provide a line of funding that allows ENAMCO to make the required payment.
Still a smart move as the theoretical alternative if ENAMCO didnt pay would be for the 30% to revert to CHN resulting in a very messy project ownership structure of 60% SFECO, 30% CHN and 10% ENAMCO (free carried).
new drilling to commence close to zara/koka, page-5
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CHN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.36 |
Change
-0.005(0.37%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.41 | $1.35 | $2.668M | 1.921M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30015 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 12925 | 4 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
