Interestingly, Penfold also a top ten shareholder in Thor with good Chinese contacts.
Penfold also hold a minority interest in Chinese Western Mining Company which is negotiating with Zimbabwian authorities for exploration joint venture with Energy Ventures (asx EVE). High risk (soveriegn) in Zimbabwe hence the Chinese involvement but EVE have very promising U ground elsewhere.
Holding Thor and EVE, both look to have promising futures.
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