i dont think they will get money from ImagineIM at all. That would be like a dividend or a royalty or a profit share deal. They would be channelling money back into development and running costs such as wages etc.
so i think money will be coming much later than you hope.
I have a suspicion it will run hard on this excellent newsflow from Imagine and also from PAK regarding the coal prospect.
This should take us above the 25c mark by december next year and will see the options exercised which will generate $12 mill approx.
So for big things to happen in our coal project i predict a JV of some sort. The make up of which i have no idea only guesses.
Lets see how this runs after this cap raising.
cheers contra
PAK Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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