PRU 10.2% $2.59 perseus mining limited

Ann: Perseus settles dispute with former Amara mining contractor, page-7

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    The BCM litigation was mentioned as a contingency in the last annual report - see pages 150/151

    http://www.asx.com.au/asxpdf/20161018/pdf/43c279620h2s94.pdf

    PRU did not include an amount in its balance sheet for this cost as they thought they were not going to pay.  The claim was for USD22m, of which $8m was paid out after the liquidation of a company.

    I have not checked, but I assume this matter would also have been mentioned in the quarterly filings on the TSX, but I do not recall reading about this matter in the quarterly reports released on the ASX.

    loki
 
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