MFC may exit their holding's in BSM as stated in the latest annual report. I'm sure they will want the best value for their stake in BSM and not sell down in the open market since they hold such a large %. And PGI may just emerge as the white knight in the off market transaction. So BSM will have a new major shareholder in PGI. With cash flow from their Las Lagunas project, PGI may well buy a 50% stake of the Hellyer tailings gold project. All these are pure conjecture on my part.
Ann: Board Restructure , page-4
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