"Great Australian Resources (GAU) has consolidated its platinum projects in South Africa after agreeing to pay 17.5 million shares (worth $4.9 million on GAU's closing share price on Friday) to buy the outstanding 50 per cent interest in Platinum Mining Ventures. It comes after fellow Australian platinum play Sylvania Resources agreed to purchase a 19.9 per cent cornerstone stake in GAU last month for $4 million."
very very interesting. GAU pays $4.9m for 50% of PMV which is 34% of the project.
SLV pays $4m for 19.9% of the project.
PMV wouldn't have sold cheap if there are more deals on the way. I think there are more gains for GAU and PMV.
I'm only speculating, so people DYOR
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