If this is true though and they are looking to secure the other part of Mt Labo, won't this be good news for RTG?
RTG own 40% of Mt Labo. It seems like there have been issues with the ownership of the other 60% in not wanting to proceed with the mine etc, so that's the restructure cause (I assume).
If a Phillipines based company moves to take that 60%, and want to go into production, and are cashed up, surely this is great news?
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-29
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