This is what I was trying to note earlier.
Noting from the FFX ANN that the Tranche 2 Consideration needs to be paid by 30 June 2025, and actually accrues interest from the date that Tranche 1 is due:
Interest could be applied as a deterrent for a delayed payment after the Tranche 1 due date, however GF may indeed feel it is worth holding out paying Tranche 2 until 30 June 2025, taking a hit on the interest (chicken feed to them), pending the scale of the production ramp-up in the first year.
Or could Tranche 2 be paid out sooner to run a line through the whole FFX Morila / LLL Goulamina debacle, and allow for the cash to be distributed back to the LLL shareholders, unless a future JV/merger is to be presented.
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This is what I was trying to note earlier. Noting from the FFX...
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