Even if PTN don't go for the 19.9% blocking stake, the 49 Million shares purchased is effectively money for jam given the April 2026 to August 2026 guaranteed production royalty payment of $16.5M at current AU spot prices.
Maybe a 'jamming stake' is better phraseology.
ERM Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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