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from reading that they are certain that ncz is getting goro?

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johnathonmudge

415 Posts.

53

23/07/20

14:04

Post #: 46042840
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Originally posted by Vector: ↑

PB’s own words, its an option for the upside with minimal downside and the risk was too much for them to be directly involved:

"Our primary motivation for going into New Century was the early work they were doing on Goro, and because of COVID-19, it made it more difficult for other participants to get to site and do some of that necessary due diligence," Bradford said.

"We did the work we needed to do and decided the risk/reward framework wasn't right for us. If everything goes to plan, you'll make a motza, and it's just as big on the other end.

"The investment in their shares was really an option fee to be involved in the Goro bidding parade and as a secondary opportunity, we also have the opportunity to work with New Century in some of the exploration in the assets around North West Queensland, and that's a work in progress."

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from reading that they are certain that ncz is getting goro?

NCZ Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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