Hi helmenesh,
Good question, I think this is for ABM and Tanami to answer.
I am pretty sure the agreement is signed, but pursuant to conditions of successful commissioning of the plant by ABU, with ABU being granted first and last right of refusal to purchase the plant and the claim and surrounding land the plant is on.
However the ABU plant location Coyote is no where near the central Tanami mine, in dispute.
A contract is only a piece of paper, maybe business is done differently in HK.
The major Tanami share holder is a HK financier.
There is an article on the Australian web site that I saw a snippet of that says.
The Australian
The mine is owned by Tanami Gold, part-owned by the Lee family, and was planning to sell it to Metals X, which is linked to Lee's son ...
With this apparent blood relationship being disclosed, things seem to be getting very tricky over at Tanami.
- Forums
- ASX - By Stock
- Metals X claims Tanami in breach of binding deal with them
Hi helmenesh, Good question, I think this is for ABM and Tanami...
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