EE1 6.67% 1.4¢ earths energy limited

They have 50% of the project via their earn in on the JV, also...

  1. 722 Posts.
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    They have 50% of the project via their earn in on the JV, also meaning they have to fund 50% of the capex

    They have just under 20% of cradle by virtue of various off market transfers from holders. The biggest being Davey's holding but at a total price of 35c , paid in three tranches of 27c, 4c and 4c

    This 20% in cradle is only 10% of the project due to the 50/50 JV , so they effectively have 60% stake in the Project,

    It is a cycle thing , resources are not the sector for bulls refer BHP price at the moment, however for the investor the best time to buy is the bottom of the cycle, and I believe although it might not be tomorrow or next month but the resource sector is around the bottom of its cycle.
 
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