Yes, the horse is out the stable now that there is consensus...

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20/08/18

13:42

Post #: 35037533
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Originally posted by Donniemac ↑

I'd say that the bit underlined in the snip from PGM's announcement is how ARV have justified their spend along with the reassessment of old Platina results.

View attachment 1248038

They've made it by the skin of their teeth as far as I am concerned. We all know there has been no real work done on MM in the three years they've had it which is a bit disappointing tbh, but it is what it is. We can only hope now that what's on top of MM mafics forms part conglomerate story that they are trying to write. If it does then MM will hopefully still get developed and Platina's 30% will still be worth a pretty penny.

I'm now 100% behind Artemis.

Good on you CN for keeping the SH in the loop with timely announcements. It's like black and white the difference between Platina now and what us longs are used to.

Cheers,

DMac

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Originally posted by Donniemac ↑

I'd say that the bit underlined in the snip from PGM's announcement is how ARV have justified their spend along with the reassessment of old Platina results.

View attachment 1248038

They've made it by the skin of their teeth as far as I am concerned. We all know there has been no real work done on MM in the three years they've had it which is a bit disappointing tbh, but it is what it is. We can only hope now that what's on top of MM mafics forms part conglomerate story that they are trying to write. If it does then MM will hopefully still get developed and Platina's 30% will still be worth a pretty penny.

I'm now 100% behind Artemis.

Good on you CN for keeping the SH in the loop with timely announcements. It's like black and white the difference between Platina now and what us longs are used to.

Cheers,

DMac

Expand

Yes, the horse is out the stable now that there is consensus with our BoD, so any residual dissidence must await the voting at the AGM.
For myself, maybe ARV did and maybe they didn't. At least there is a viable processing plant and lots of existing conglomerate expertise chucked in, so some savings there. That's worth quite a bit.
But I'm still a bit confused. CN refers to it as a arv/pgm JOINT GOLD VENTURE I seem to recall and I am sure that it is the case, that the platinum was excluded from the original agreement and maybe the palladium is too. My problem is I couldn't track any reference to this in previous announcements so I cannot confirm it. Anyway, if so all is not lost and 30% of conglomerate gold is a win/win for both companies.

Maybe someone can track down the agreement on minerals other than gold?

PGM Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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