PRX 16.7% 0.3¢ prodigy gold nl

Mostly about the NEW RI with Patterson. -ASIC chimed in...which...

  1. 6,892 Posts.
    lightbulb Created with Sketch. 2861
    Mostly about the NEW RI with Patterson.

    -ASIC chimed in...which is always good to see.
    -The NEW RI...if it does go through will need a few tweaks.
    -The appeal was upheld and they agreed with the first panel's decision. Duh.

    Mostly, all mute now. There probably will be a RI...maybe soon...maybe later. It will be a different creature and be at a higher price. It should be better for all ABM shareholders which was the whole point of this.

    Lots of stuff happening in the next few weeks. I can't see any of it bad. The market hates uncertainty and this was the finial bit cleared.

    ABM needs the following...
    -POG to keep going up.
    -1 new independent director and independent chairmen. REALLY independent and a backbone.
    -Drilling results from IGO.
    -Mike Smith to finish his review and give BL direction on how the BOD wants ABM to move going forward.
    -New funding via RI or any number of other means that include warrants, JV's, mining partnership etc.

    None of the above shouldn't happen and it should be good.
    This in-turn will let the market see value in ABMs assets and new investors will come on board at higher prices.
 
watchlist Created with Sketch. Add PRX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.