Hi Panda,
Have you actually looked at the announcement of the Capital Raising? On page 29, the terms of the Mining Agreement are set out, quite clearly.
Incidentally, your "guess" of a 50% holding going to the Mozambique government is not quite on the mark. To be precise, it is out by a factor of ten times! (ie, ten times the holding going to the Moz government). Which makes it much easier to understand why instos and retail investors were prepared to front up with #110m to fund a BAM plant, backed by the largest and richest graphite mine in the world.
Cheers,
Prime1
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