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18,417 Posts.
814
07/05/19
15:08
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OGX Balance sheet had a current liability for $3m for Anglo JV exploration prepayment
IMO
Maybe Anglo is a creditor and can use this $3m debt to offset against any talks with Cartesian on any tenements
IMO,This $3m was for a 70% JV not part of any previous CR and imo Anglo may play hard ball in any fire sale talks going forward
Cartesian imo have little chance of ever getting their money back going forward
DYOR