Reincarnation, page-16

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dolcevita

12,466 Posts.

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10/04/18

12:02

Post #: 32344195
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Originally posted by Coppertown048 ↑

My jargon certainly isn't baseless, I quoted and cited the IE, thats it. The Glencore offtake agreement provides a buyer for the copper. The agreement specifically hides details, but one could assume that Glencore will be paying the market price, less some amount for providing infrastructure and transportation or something like that. You guys still need a professional team (or expensive independent contractors) to build and operate the mine!

https://hotcopper.com.au/threads/ann-glencore-offtake-agreement.3878654/

If Glencore had offered you a deal 1.2x the value of CMMC in cash or Glencore stock, I believe the stakeholders of AOH would have been less keen to accept. This is because the face value would represent the limit on the upside. With this deal, AOH retains a large share of the final company and therefore can likely achieve much more upside than 1.2x if the property is indeed lucrative.

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You guys still need a professional team (or expensive independent contractors) to build and operate the mine!

You guys??

Listen that's a bit of a slip up mate. We know who we are but who are YOU?

Be aware that in the legal process known as Discovery, we can find out.

Last edited by dolcevita: 10/04/18

C6C Price at posting: $1.20 Sentiment: None Disclosure: Held
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0 Great analysis

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Reincarnation, page-16

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