This effectively bankrolls the company into the foreseeable future.
The company is now effectively now a holding company for the royalties and is not an operating company.
It also has enough cash in hand to pursue Buru now for shortchanging it by trying to make deductions from its wellhead royalties it is due (whereby Buru is seeing fit to deduct other costs between the wellhead and the final point of sale - mostly transport costs) before determining FZR's royalty payment.
The courts will soon put that right. A wellhead royalty is exactly as it states - from the wellhead. The other costs are Buru's problem.
This effectively bankrolls the company into the foreseeable...
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12.0¢ |
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Mkt cap ! $14.03M | |||
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