Maybe the decline is still being built and gold continues to be mined, but this isn’t going to help us shareholders if x64 can’t get any income from PMC.
Bythe way how do you know all of the cash and gold is held by PMC? When I spoke to investor relations the lady said it was spread over different group entities.
A pity we don’t know more about how the ownership structure worked - I would like to know how x64 got 100% of the mine profits whilst only owning 40% of the entity that owned the rights to the mine.
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