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Why had I never seen the video in this article?, page-10

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blueboy

633 Posts.

16

26/07/20

12:57

Post #: 46071651
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Originally posted by startrek: ↑

I am still flabbergasted by PGM's late legal action over Munni Munni. So are EEE shareholders on sharechat. If PGM had a preemptive right of first refusal over MM, then why wait for nearly 3mths before making a fuss as the deal was announced a while now? So preemptive right is very unlikely to be the case. So what is their beef? We know the EEE deal is subject to third party approvals and consents which means PGM has to give their ok if the deal is to proceed. So it looks like PGM had a change of heart and brought on this legal action as a pretext to not to give their consent. Why change of heart? MM results coming up may be looking tops and PGM is having seller's remorse! Time will tell as we expect the drill results soon.

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Startrek, If you look at the last paragraph on the first page of PGM announcement dated 18/6/2020, this might give you more of an insight to what has happened. To my uneducated eye, it looks like ARV have sold part of MM without PGM knowing, this was before drilling. I would say that talks between ARV and PGM have produced nothing, so PGM are taking it to court. I hold both ARV and PGM so hopefully it will end in a win win situation for both companies.

Regards Blueboy

ARV Price at posting: 7.6¢ Sentiment: Hold Disclosure: Held
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Last 1.5¢		Change -0.002(11.8%)		Mkt cap ! $28.75M

Open	High	Low	Value	Volume
1.7¢	1.7¢	1.5¢	$201.0K	12.48M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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6	880928	0.014
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Price($)	Vol.	No.
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0.017	2540605	7
0.018	3983033	9
0.019	1547351	7
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