And I think AMG needs to play their card smartly..If they showed too much good news from the pre Xmas drilling then PNX will choose to stay at 40%. If not, then they might be happy to dilute to 10%.
of course as AMG shareholders we will wants PNX to dilute their holdings in the JV.
The above could very well explain the lack of news until Feb
Ann: Drilling Recommences at Princess Royal and other Updates, page-6
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