Some things have been discussed in the past.
There have been different doubts about Prairies rights via Debiensko.
So now we have some facts.
1) and most important one: Prairie has the full rights with Debiensko
2) JSW is interested in Debiensko
3) JSW accept Prairies rights about Debiensko
4) JSW will announce their strategy about their future
5) JSW already said they need to add other projects
Only +15% after this News is a laugh!
Prairie is sitting on so what a giant treasure of black gold, that the current mcap is very very silly.
Let's speculate a little bit.
JSW could buy out Debiensko for 200 mln AUD and Prairie gets a 5% royality per year.
So the Jan Kaski can be build with little dillution, with CD capital backing up 83 mln AUD and a JV with China Coal.
PDZ Price at posting:
52.5¢ Sentiment: Hold Disclosure: Held