there we go 100% of zari, page-26

shimmer why 19.9% requiring EGM? when they could place 14% with a single "investor" straight up,done deal?
[think the 15% runs Calendar year not financial]

14% would be 28mil shares or so.even at only 50cents that's $14 mil.
Announced this year's Drilling Budget $5mil.

This drilling will JORC up your nibium,tantalum,phosphates as well as extend the REE deposit and upgrade existing/coming soon inital JORC.

So this $5mil drilling programme will improve the presentation for TakeOver and provide Feasibility Study basis etc
$5 mil out of $14 mil from a restricted Issue 14%
instead of a Blocking Stake 19.9% at whatever?

I realise they need cash for more than the drilling programme but with JORC initial even part measured,plus say $10mil from an "interested" party then PEK could do further Capital Raising from it's shareholders.

Better that dilution is spread around Shareholders rather than just given to some outsider Big though they may be.

Anyhow why 19.9% specifically,shimmer?

regards