I read that bit about ARV divesting non core assets. I notice ARV's share price has been falling steadily in the last 6 months.
In regards to Munni, & our 70/30 JV with ARV. I emailed CN as to why there was no detailed mention of Munni in the latest Investor Presentation. He tells me they are finalising a JV document, but ARV are dragging their feet & there will be minimal expenditure this year as Munni is not a focus for them at the moment. One can only hope that the JV is being renegotiated as an ARV non core asset with a better outcome for PGM , otherwise this could sit dormant for a while.
Not long before RM departed, he was spruiking the JV as an exciting opportunity to accelerate exploration in 2018. Reminds me of all his other promises!
Cheers,
Ultraman
PGM Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
