TSXV:CAV.H - Post by User
Comment by
tigerseaon Apr 18, 2008 3:54pm
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Post# 14986722
RE: Guarantee to completion
RE: Guarantee to completionI read that as they're simply flipping the 1st $435M of the project's funding in exchange for 30% of future production.
Thats what I am suspecting. From the NR, I read as Korean will pay for 30% of the money spent on the project, that is to me, the drilling costs, BFS, permitting costs etc. the balance is debt. so korean really did not pay for any premium?!!?
i hope management will issue NR to clarify, but they still choose to hide it in the 2nd NR.