IMO If we pull this off Mt Freda will start to ramp up after the...

IMO If we pull this off Mt Freda will start to ramp up after the 30 June. This not far away, we may not see a lot of movement in price till after this date.


o$100,000 non-refundable option fee.
o$1,400,000 due on completion, targeted by 30 June 2020

The rest can wait, in the mean time PNN have the following to complete

Completion of the Acquisition is subject to a number of conditions, including completion of due diligence to the satisfaction of PNN before 21 May 2020 subject to any delay caused by Covid-19, shareholder approval for the share component of the consideration, completion of a capital raising of $2 million (also subject to shareholder approval) as well as the negotiation and execution of formal transaction documents.

Guess time will tell, all we can do is wait, we have done a lot of that over the last 12 months.


All the best


FireflyOne