| Subject: Re: Some calculations ERG |
Author:
30/3/03
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Date Posted: Monday, March 31, 09:05:01am
In reply to:
30/3/03
's message, "Some calculations ERG" on Monday, March 31, 08:46:28am
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Author |
Date |
| The reason---0.5---the reason between (bottom 8.5 vwap) (NT) | 8--10 8.5--10.5 10--12 10.5--12.5 12--14--12.5--14.5--etc | Monday, March 31, 09:10:27am |
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| Converting ERG's cash into American 85c Oz 133.5 approx 142c | 27 is a keypoint | Wednesday, September 03, 08:44:45pm |
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| The issuing of the bonds will be subject to certain conditions precedent being satisfied.April 21st April 30th. | Seattle, Stockholm and Washington DC. | Tuesday, April 08, 04:16:35am |
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| As part of the terms of the transaction, the purchaser will pay a milestone consideration to ERG based on the number of cardssold by the purchaser to ERG or it's customers.As this consideration will not be recognised on the settlement of the transaction a recoverable amount writedown has been made against the carrying value of the asset as at 31/12/02. | revenue-milestone consideration from the purchaser will be recognised in the year when it is earned."The milestones relate to the sale-ERG or its customers of smart cards that incorporate-ST chip. | Tuesday, April 08, 01:35:38pm |
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| an agreement with micro-chip manufacturer STMicroelectronics (ST) for the sale of ERG's 100% interest in Belgian-based Proton World (PW).Pursuant to the transaction, ST will grant ERG global rights to use the Proton technologies in ERG's transit smart card systems for 20 years through a licence agreementIn addition, ERG will retain exclusive access to a short-list of nominated transit customers for a five-year term.. | Under the terms of the agreement, ERG will sell all its shares in PWI to ST for a consideration of approximately A$110 million (e60million). | Tuesday, April 08, 01:45:23pm |
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| After settlement of all inter-company accounts and payments for the global rights to the Proton technology, ERG will receive cash proceeds of approximately approximately63m to ERG Group after repayment of intercompany loans (e37 million) at settlement. | A milestone fee of approximately A$40.9 million (e22.5 million) is payable to ERG on deferred terms tied to milestones over the next ten years. | Tuesday, April 08, 01:49:21pm |
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| ERG owns the technology that is licenced to Creative Star for use exclusively and only in Hong Kong---Creative Star is now known as Octopus Brussels, 9 November 1998 Proton state that Creative Star and ERG are joint venture partners, in Toronto both ERG and Creative Star are working together on the MTE's phase1. | Octopus Cardsformed a consortium-Accenture, Thales & MTRC who are bidding with Cubic for the Netherlands whole of country contract.Proton has been adopted by Dutch banks universal Smartcard platform. | Tuesday, April 08, 01:53:34pm |
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| The recoverable amount writedown(provision) made against the carrying value of the asset as at 31/12/02. (NT) | is for 52.4 million dollars for account period 30/6/2002 to the 31/12/02 reported 6/3/03 (the sale was announced on the 26/3/2003) | Tuesday, April 08, 02:10:51pm |
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| ERG will no longer be responsible for 23 million that Proton owes (allowance was made for that in the sale.) | No name | Tuesday, April 08, 02:57:22pm |
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| Washington Metropolitan Transportation Authority - SmarTripWMATA was the first public transportation system in the U.S. to adopt smart cards, launching a pilot program in 1999. In June, 2002, WMATA sold its 250,000th SmarTrip permanent rechargeable plastic smart card which holds up to $200.00 in fare value. | One third of WMATA Metrorail riders use SmarTrip cards regularly. SmarTrip will be expanded to parking, bus transit, and other regional rail service over a total of 17 transit systems. | Saturday, April 26, 10:17:08am |
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