Ann: China Pit Scoping Study Finalised, page-65

Thanks for the clarification - so Perilya can go up to 24.99% within the two years, but if Perilya do sell and fall to less than 10% they lose their access to participation in preferential capital raisings.

I wonder why the Chinese owner of Perilya (PEX not traded anymore on the ASX) - Zhongjin Lingnan chose to structure this through Perilya rather than taking a direct stake? Woukd it be Mynmar politics, or some sort of Australian laws or expertise that make it more attractive to take their interest via the Australian owned company?