PRX 20.0% 0.3¢ prodigy gold nl

Heatherbelle"Hmm, was fine with this initially but there is a...

  1. 646 Posts.
    Heatherbelle

    "Hmm, was fine with this initially but there is a slight fishy smell lingering - ABU's Chairman Mike Etheridge is also Chairman of CLY, now in the ann all the right noises were made about his lack of involvement in the transaction, but really ......?"

    Doesn't change the reality of the divestment. IMO, this is a very good move regardless of the "independence" of the committee. Forgetting that both enities share the same Chairman and looking at the specifics of the divestment only, what are your thoughts on this agreement?

    My only concern is that it may not come off anyway given that funds need to be raised in this difficult climate.
 
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