CHN 2.97% $7.28 chalice mining limited

nevsun agree price with eritrean government, page-2

  1. 228 Posts.
    yes similar, but the key differential is that ENAMCO will pay ~$35M by January next year (as per SH agreement) to buy into the project.

    Thereafter they will contribute to the funding of the development on a pro-rata basis commensurate with their paid interest (i.e. excl the 10% free carried). i.e. when it comes time to arrange finance CHN will cover 66.6% and ENAMCO 33.3%.

    To my mind, this is a better arrangement than applied for Nevsun as ENAMCO's interest will be paid for 'up front' and during the finance/construction phase - when the cash is really required - rather than out of cash flows. This reduces the funding requirements for CHN and means that ENAMCO have a substantial amount of 'skin in the game' in its own right.
 
watchlist Created with Sketch. Add CHN (ASX) to my watchlist
(20min delay)
Last
$7.28
Change
0.210(2.97%)
Mkt cap ! $2.525B
Open High Low Value Volume
$7.28 $7.38 $7.14 $16.78M 2.306M

Buyers (Bids)

No. Vol. Price($)
4 20444 $7.27
 

Sellers (Offers)

Price($) Vol. No.
$7.28 5000 1
View Market Depth
Last trade - 16.10pm 23/06/2021 (20 minute delay) ?
(live)
Last
$7.29
  Change
0.210 ( 3.23 %)
Open High Low Volume
$7.31 $7.39 $7.14 173362
Last updated 15.59pm 23/06/2021 (live) ?
CHN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.