You beat me to it Wini! Was just about to say this.
Looks like the DMIRS can't cope with the workload. Never would have happened under Barnett's watch! Lol
Hypothetically what will happen if ARV doesn't make the deadline? I would say that this would put the ball back in the court of PGM. They could choose to allow an extension if they wanted I'm sure, or they would have grounds to null the agreement. What is in the best interests of Platina though?
IMO it would probably be to see ARV develop it and mine it as planned. If they take it back, perhaps they could negotiate another deal with someone else, but does our current team have the expertise or ability to do that? doubtful imo. One possible dream result might be for ARV or Novo even to buy out Munni Munni from PGM entirely for a large sum of money. This would give us some of the capital needed for the Owendale plant without further dilution or expensive loans. Hmmm.
Sure would be great to have a MD to deal with these questions. Ha!
Cheers,
DMac
PGM Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
