The terms I envisage ? No, let's not mince words
It quite clearly says a "claw back" condition, now you can call it what you like and assume the size of the deal, doesn't mean zilch - at the end of the day, it is Mandalay retaining the right to compulsory acquire MRQ's share
Until the company confirms the terms, this is a huge avoid
Also, they don't have a mine. They have a "resource". Unless you can point me to the plant and equipment ?
" Would Mandalay be bothered to be involved in a $ 50 mill, $100 mill, deal - doubt it.
More likely a $2oo mill deal.l" ... again this is nonsense.
Mandalay just agreed to let a $2M dog shell farm into their deposit, management have never made a discovery or run a mine, MRQ cannot afford to fund its share of the exploration, at no stage do MRQ retain a controlling stake in the deposit, and at all times Mandalay reserves the right to "claw it back" ... yeh I'm pretty sure Mandalay would do that deal with anyone and aren't expecting miracles
Anyway I've written to the ASX, let's see if they are forced to disclose. If the terms were so good, wouldn't you be singing them to shareholders ?
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