RE:RE:RE:MitsuiJCSunsfan wrote: Cognition777 wrote: Mitsui has 3 yrs from date of production to invest additional $50M for 10% equity interest. If they do not exerice that option, then TKO can buy back the Stream agreement (no terms specified), and the Offtake is reduced to 30%.
So the only obligation by TKO is for the first 3 years, then they have an option; although the terms of that option is not clearly stated.
A softer benefit from this arrangement is that TKO clean green copper will have a path to market that is established and helps their brand with recognition and desireability.
Is that a 10% equity interest in Florence or in the entire company?
C'mon now people, the terms of the agreement are defined in perfect detail, you simply need to read the whole thing. No, they don't get 10% of the entire company for Gawd's sake! Florence is an operating subsidiary of Taseko. When all is said and done, Mitsui will exorcise their option to become 10% owners of Florence Copper for the stated $100M US. The remainder of the terms of the agreement are basically acting as safety valves while still meeting their baseline needs. No need to over complicate things here. As previously stated on the day of the announcement, this is a decent deal for Taseko, not a great one by any means. Remember? A single, nothing more. The market has reacted as such.