Ann: Appendix 3B and S708A Notice-PGI.AX, page-9

back to 9 cents again..I guess.

And BTW Paul..

CAMIF I and II and ALCIP CAMIF II's little brother you did not discuss at all, and being a subsidiary ALCIP and its holding of shares can be hived off to ...anyone...but you'd think another major current holder might find it an interesting proposition.

CAMIF released the 73m obligation because it was a useless threat. It woud have creamed the price and caused  disruption so any buyer,,,for example a current major investor, would not have been a happy camper.  This current deal makes it better because it avoids the trashing issue and keeps it sweet for easy disposal.

and using your own words, you agree. "Camif will just tag along for the ride and most likely sell down their holding as the share price rises."

And who will be the new investors and how much% imposed to allow the continuation of the lease post end ot pit.

Looks like some of the trading money chasing gold miners had some time to reflect on their enthusiasm.