HRL 4.17% 12.5¢ hrl holdings ltd

Energy Development Corporation (EDC) will acquire a 70% interest...

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    Energy Development Corporation (EDC) will acquire a 70% interest when the tenement is transferred into the Quellaapacheta joint venture
    company and Hot Rock will reduce to 30% interest.

    This sounds like a positive statement and I think management are feeling a sense of optimism here. Could this be the game breaker?
 
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Currently unlisted public company.

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