RE:RE:Am I wrong about the specifics of water royalty due date?CanadianBorn wrote: You’re wrong, your post was from August 17, this is an updated one December 5th from BLGV, not IC Potash. Just saying DYODD
Further, as previously announced on October 17, 2017, the Company received USD $2.8 million composed of a cash receipt of USD $1.4 million and a promissory note which will be converted to cash on January 8, 2018, and further, it is expected that additional funds up to USD $12.2M will be received from Cartesian Capital Group controlled Intercontinental Potash Corp (USA) from New Mexico water sales. Those anticipated revenues are in connection with the Water Royalty, as more particularly described in the Company’s press release of October 17, 2017.
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I did see that ICP converted to BLGV. This obligates the company conversion to maintain consistent representation. I get that the $1.4M + $1.4M + $12.2M = $15M purchase price of that asset by Cartesian.
I am trying to find written confirmation (news/website) where it confirms that on January 8, 2018, there will be, additional to the $1.4M contractually obligated, that an additional $12.2M payment directly due from the New Mexico water sales (which appears to be the same revenue source of both the nr I'm referring to and the one you mentioned). I would assume a nr stating a total of $13.6M would then be paid on January 8, 2018.
My apologies and all due respect to this board.