Apologies in advance if this is a stupid question - not familiar with PDI.
I've been reading the quarterly on my phone and noticed the terms of the Toro JV. It would seem that Toro awaits minister approval to take a 51% share in the tenement we're discussing here. PDI has further approved a reduction of their holding pending a further 2.5million spend by toro.
Basically they have signed off to only own 35% of this tenement (and only approval and $2.5mill spend from toro remains to ratify this agreement).
Is this correct? Does this change people's impressions of the stock?
Ann: 7.5m at 16 gt Au From Surface Cote DIvoire Diamond Drilling-PDI.AX, page-64
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25.5¢ |
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Mkt cap ! $599.4M | |||
| Open | High | Low | Value | Volume |
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