Paragon Diamonds - Re: PRG Stream Log - (Sorry to split the message...

Live Discuss Polls Ratings
View
Page
15:37 05/01/2016

(Sorry to split the message - didn't know that hitting enter for a new para would post last!) the RNS stated: '....The Company maintains the view that the development of Mothae is highly synergistic with its Lemphane Kimberlite Pipe Project (‘Lemphane’). Accordingly, it will negotiate directly with the Government of Lesotho, which controls the definitive approval on any transaction in respect of developing Mothae, and will update the market accordingly on progress made.' So has PM indeed been chatting with the Minister and achieved a deal? Can anyone shed light on what exactly the Lesotho governmental position might be in regard to 'definitive approval'? Can they twist Lucara's hand and force a deal? Can they provide finance?

Page