PRX 0.00% 0.3¢ prodigy gold nl

ann secures 19.6 mill strategic investment, page-23

  1. 12,605 Posts.
    lightbulb Created with Sketch. 175
    re-reading the release:

    they are going to be in control of this company via 19.9% holding

    1 non -executive director
    plus:
    "will supplement the ABM team with experienced mining professionals on a technical steering committee that will aid the transition to production....."

    You can read the quote 2 ways - one is support for DH the other way is not so good

    Interesting times ahead

    Could strengthen this by exerting influence over operations and putting checks on DH in place - and that is the way I choose to read this.

    And yes no plant construction or commissioning until Q 4 and that is calendar year

    Looks to me like a complete change of "flavour"
 
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