OTCPK:PGMFF - Post by User
Comment by
kirk15on Apr 27, 2022 12:34pm
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Post# 34635996
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting Developments
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting DevelopmentsI don't think I fully answered your question as regards an Anglo / Kinross JV so will attempt to address just that, frankly when you are working with a mine that is underground, and a mill that process 800 to 1200 tpd, even up to 2000 tpd, the economies of scale don't warrant 2 majors sharing. If Kinross acted as I suggest by floating debt to PGM the common owned by Anglo would be diminished, debt is king over common. Such a lifeline might mandate mngt action to rollback the share o/s as well or other conditions.