PNN 20.8% 14.5¢ power minerals limited

Ann: Binding Agreement for Funding and Development of Rincon, page-6

  1. 2,178 Posts.
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    Well done Pnn Amazing deal for what is/was a $12m MC Company. As per our PEA Capex was US $216m so fully carried and still hold 41%. And receive $7m working Capital.
    It seems quite brilliant becoming a service provider over several Li projects with meaning full stakes in each.
    Rincon now Fast Tracked with possibly no PFS or DFS required.
    Master Stroke.
 
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