PSC prospect resources limited

PLS of Africa!, page-5

  1. 413 Posts.
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    Psc owns 70% of hawkmoth, which in turn owns 90% of Arcadia. 70*.9 = 63%.

    The other owner is Favic I believe, who have an option? to acquire a bigger slice of hawkmoth. I think this has to happen anyway because Zimbabwe rules require projects to be owned at least 51% by natives.

    Not 100% sure about the last para, my notes have Psc as 63%.

    There is a thread here titled something like Arcadia ownership posted about a year ago. Worth reading if you can find it.
 
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