V. mysterious this. HZN's recent ABN AMRO preso (17 Sept) clearly shows them as holding 25% of PEP 38494, incl Matariki, Pike & Paua prospects. Perhaps Todd forgot to tell CUE & HZN they had relinquished the licence but extended their 100%-owned 51313 to cover Matariki. Except it looks like CUE knew but tried to slip it under the radar? HZN have been silent on all of this to my knowledge. Why would they include it in a broker preso dated 17 Sept when it was already a done-deal by late Aug according to the Richie article. Seems a bit high-risk.
Ann: HZN: MAARI M2A , page-19
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