One the other big concerns related to the agreements with GUY, ALTA and CSQ is how these agreements are structured. Metalstream will provide the first tranche to each entity once a 12.5% Net Smelter Return is placed against the projects then within 30 days the second tranche is provided.
If the NSR's are established and Metalstream fails to provide the remaining financing the 12.5%NSR is still held by Metalstream plus the initial $1M is transferred into stock with 50% increase in value.
I.E. - If stock price is $0.10, Metalstream would receive 6.67m shares valued at $0.15 or just under 7% of the total shares outstanding for a $1M dollar investment plus a 12.5% NSR on the project.
"If the Agreement is terminated for any reason prior to delivery of all gold purchased under the Agreement, then the Royalty shall survive such termination.
In the event that Metalstream fails to provide the second tranche of US$5M contemplated above, the initial US$1M may be converted into shares of Altamira at a price which is 50% higher than the volume weighted average price for the 10 days preceding the notice of non-compliance." - excerpt from ALTA agreement.
In all three cases (GUY, ALTA and CSQ) why would Metalstream complete these second tranche transactions. No other company is going to touch these mining companies after Metalstream is done with them. Guyana Goldstrike and Canamex Gold had the first agreements setup January 27th and has been delayed three additional times for receiving their first tranche.
Questionable at best.
I certain hope this all ends up as a mute point but the information I have seen provided is certainly questionable as to how these agreements are structured.
Do your due diligence.
Cheers