Makes a lot of sense if implied value of farmin is significantly greater than PGS current market cap.
The other thing to consider for SXY and ORG is locking out competitors who might takeover PGS and make things difficult for them down the track (i.e. a blocking stake). If the Patchawarra delivers, there is going to be a race to develop the resource first, at the expense of others.
PGS position, page-2
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