Boron One Holdings Inc V.BONE

Osmose

[Calabrese]

Who would benefit from keeping the SP down?

[Flames7]

The pp maker

[iamlickzy]

Wondering when that money from Osmose will be in Tim's bank account.  IIRC, isn't he checking the account daily for the funds per the call? A damned shame the terms haven't been renegotiated and that Osmose gets such a large piece of pie for so cheap.

[minepic]

We don't know the price has not been negotiated. Tim mentioned the derisking of the project could result in more favourable terms for BONE. Last we heard was $.12 but much has happened since!

[ListenandLearn]

TIm mentionned that Osmose was waiting for the funds that would be then be transferred to BONE shortly after.  Doesn't sound like someone who has any plan to renegotiate. He also mentioned that, at this point, financing was the biggest project risk.  I would Infer from these 2 statements that the terms of the ammended deal are going to stand. But who knows for sure.... Come on Tim

[blueboron99]

Minepic, Besides TD mentioning the derisking of the project could result in more favourable terms for BONE, he also stated in the April 18/23 Amendment LOI News Release-  "Notwithstanding, Boron One is under no obligation to accept Unit Purchase funds from OL after April 30, 2023". In other words the revised PP share price of $.12/share and the warrant price of $.24/warrant are no

[iamlickzy]

Forgive the ignorance here; should the revised values not be made clear to shareholders?  Is that something we would have any say in, such as a vote to approve or reject the terms of such a substantial and impactful agreement? I'm not thrilled about the Osmose deal but I have to have some faith in Tim that their partnership is the best path forward.  Certainly open to whatever takes

[blueboron99]

Iamlickzy, IMO, the BOD's would complete the rough draft of the Contract for the Financial Partnership in consultation with Osmose Ltd. The Contract would then get submitted to our law firm that specializes in "Mining Contracts" who would complete the finished product. I don't believe shareholders would get involved in such a process. Shareholders vote in a BOD's each year

[Calabrese]

They have probably given them a deadline (my guess February 1) to sh*t or get off the pot before submitting the FS.