Looking at PDZ's initial Lublin acquisition announcement, they paid 8.5m PDZ shares to "consultants" for their tenements. I think I read somewhere at the time that this equated to AUD 5M, but I can't really be stuffed verifying the AUD amount now.
Having Derek L on the ground over there is obviously a good move, as we don't have to pay consultants to set this set of thing up for us. He is obviously pretty well connected in the coal scene in Poland now.
It'll be interesting to see if there were multiple concessions up for grabs and if there were, whether anyone else picked up any concessions in the area, I'll keep an eye on PDZ and Bogdanka and let you guys know if I see anything.
BMB Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held