ROCK BED_CHROME OTP

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Directors: GT Michaelides, D.Pienaar RockBed Holdings (Pty) Ltd, Reg: 2015/275296/07 76 Olive Crest , Quorn Drive, Northridng , 2162 Tel: 27 (0) 84 400 0096 | Fax: 27 (0) 86 534 2076 | email: [email protected] 16 December 2015 Offer to Purchase Rockbed (Rockbed) has full interest in purchasing and entering into an SPA (Sale Purchase agreement) with the SELLER , represented by Jerome Campbell The agreement is concerned with the potential purchase of Chrome Concentrate as per Assyed report by IMEC Laboratories Rockbed Holdings agrees to purchase Chrome Concentrate subject to the following conditions: Total 20 000 (twenty thousand) dry metric tons over 6 months with rollovers and extensions with an initial spot transaction of 524 (Five hundred and twenty four) metric tons For the Initial Purchase of the Spot deal, 524 (Five hundred and twenty four) metric tons will be immediately paid, after the assay report has been done by us at Ex warehouse City deep Proof of ownership to be supplied, Subject to the above conditions being met, RockBed agrees to negotiate in good faith to purchase Total 20 000 (twenty thousand) dry metric tons over 6 months with rollovers and extensions with an initial spot transaction of 524 (Five hundred and twenty four) metric tons The representative of the Chrome and the Seller agrees to sell to Rockbed subject to the following: : Total 20 000 (twenty thousand) dry metric tons over 6 months with rollovers and extensions with an initial spot transaction of 524 (Five hundred and twenty four) metric tons For the Initial Purchase of the Spot deal, 524 (Five hundred and twenty four) metric tons will be immediately paid, after the assay report has been done by us at Ex warehouse City deep Proof of ownership to be supplied, Offer to Purchase Subject to completion of its Lab report, and its conclusion being positive, Rockbed proposes to the seller, along the lines listed below; The Offer will comprise the following, 1. From Trade Core Premises at R810.00 per ton (eight hundred and ten rands only) for LAB ID IM11592 – Concentrate 43.98 / CrFe 1.34 Our offer is purely based on the technical information you have provided. Sincerely, George T Michedelides

Transcript of ROCK BED_CHROME OTP

Page 1: ROCK BED_CHROME OTP

Directors:  GT  Michaelides,  D.Pienaar  RockBed  Holdings    (Pty)  Ltd,  Reg:  2015/275296/07  76  Olive  Crest  ,  Quorn  Drive,  Northridng  ,  2162  

Tel:  27  (0)  84  400  0096  |  Fax:  27  (0)  86  534  2076  |  email:  [email protected]  

 

16  December  2015    Offer  to  Purchase        Rockbed  (Rockbed)  has  full  interest  in  purchasing  and  entering  into  an  SPA  (Sale  Purchase  agreement)  with  the  SELLER  ,  represented  by  Jerome  Campbell      The  agreement  is  concerned  with  the  potential  purchase  of  Chrome  Concentrate  as  per  Assyed  report  by  IMEC  Laboratories      Rockbed  Holdings  agrees  to  purchase  Chrome  Concentrate  subject  to  the  following  conditions:  -­‐      

Ø Total  20  000  (twenty  thousand)  dry  metric  tons  over  6  months  with  rollovers  and  extensions  with  an  initial  spot  transaction  of  524  (Five  hundred  and  twenty  four)  metric  tons  

Ø For  the  Initial  Purchase  of  the  Spot  deal,  524  (Five  hundred  and  twenty  four)  metric  tons  will  be  immediately  paid, after  the  assay  report  has  been  done  by  us  at  Ex  warehouse  City  deep  

Ø Proof  of  ownership  to  be  supplied,    Subject  to  the  above  conditions  being  met,  RockBed  agrees  to  negotiate  in  good  faith  to  purchase  Total  20  000  (twenty  thousand)  dry  metric  tons  over  6  months  with  rollovers  and  extensions  with  an  initial  spot  transaction  of  524  (Five  hundred  and  twenty  four)  metric  tons    The  representative  of  the  Chrome  and  the  Seller  agrees  to  sell  to  Rockbed  subject  to  the  following:  -­‐:  

Ø Total  20  000  (twenty  thousand)  dry  metric  tons  over  6  months  with  rollovers  and  extensions  with  an  initial  spot  transaction  of  524  (Five  hundred  and  twenty  four)  metric  tons  

Ø For  the  Initial  Purchase  of  the  Spot  deal,  524  (Five  hundred  and  twenty  four)  metric  tons  will  be  immediately  paid, after  the  assay  report  has  been  done  by  us  at  Ex  warehouse  City  deep  

Ø Proof  of  ownership  to  be  supplied,    

Offer  to  Purchase      Subject  to  completion  of  its  Lab  report,  and  its  conclusion  being  positive,  Rockbed  proposes  to  the  seller,  along  the  lines  listed  below;        The  Offer  will  comprise  the  following,    

1. From  Trade  Core  Premises  at  R810.00  per  ton    (eight  hundred  and  ten  rands  only)  for  LAB  ID  IM11592  –  Concentrate    43.98    /  Cr-­‐Fe  1.34  

 Our  offer  is  purely  based  on  the  technical  information  you  have  provided.    

   Sincerely,      George  T  Michedelides