Phoenix’s four largest non-interested1 shareholders have already indicated their intention to vote against the proposed Evolution Tranche 2 Placement. As such, Resolution 2 is highly unlikely to proceed...
So the biggest four holders outside Zijin/EVN don't want EVN to fund the extra cash @8.5c needed to accelerated exploration programme on our Zuleika project and drive the heap leach project into production ...well lets just do a general CR to all PXG holders would that make them happy ?? or like Geologic Resource partners are they just happy to take 10c ????
I'm gutted to not have sold our house yet had we I'd be placing a 500k bid order @11c
