stormboy there is no royalty to PMH.
This was the deal.
"PacMag will receive 200 million Peninsula fully paid ordinary shares as consideration, and $200,000 cash for the divestment of the PM Group."
http://www.bourseinvestor.com/bi4/pdfnews/default.asp?d=00723106&f=20070522
I wonder how many PMH holders sold there shares? May prove to have been a very costly mistake. Although they received them for free so they still made something.
I also note in the article and the PEN announcement yesterday the land sizes are different. Is this simply an error or is there more on the way?
strathmore sells wyoming leases, page-12
Add PEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8.0¢ |
Change
-0.003(3.61%) |
Mkt cap ! $254.9M | |||
| Open | High | Low | Value | Volume |
| 8.3¢ | 8.4¢ | 8.0¢ | $2.227M | 27.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1345233 | 8.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.2¢ | 438252 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PEN (ASX) Chart |