Not certain on price, depends how desperate PNR want to get rid of it …. It’s only a 300,000 tonne plant so only a junior would be interested …
Kippy is exactly right thou, getting cash is the difficult part from a junior with none … I have spoken to 2 CEOs over the years divesting assets and both said the same … one added you end up with a lot of shares in an illiquid company so you basically still own what you wanted to get rid off.
One would think the gold price rise should bring some more interest to any milling assets … hopefully gone soon, another $ 0.4m a qtr off the expenses.
PNR Price at posting:
7.7¢ Sentiment: None Disclosure: Held
