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?
Apologies in advance if this is a stupid question - not familiar...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $433.4M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $1.638M | 8.837M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 120991 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 47829 | 5 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| PDI (ASX) Chart |