PRH
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0.00% 0.5¢ phillips river mining limited

merger agreement terminated, page-36

  1. SunburntLand
    6,439 Posts.
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    13/03/12
    16:37
    Post #: 9832075
    Hi gz

    But the billion dollar question: why sign the offtake without the project funding?

    Cocky management? or just plain stupid?

    That's what puzzles me

    My interpretation is that delivery of the lead-zinc con must commence in second half 2013

    Management must have thought they were a sure thing to be in production by then one would imagine

    Cheers
    PRH Price at posting: 1.1¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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