IMHO they will be after a similar sized project to the Carmen Copper Mine and Charles Zorab said they had capital available for the right project - He mentioned that there was more capital available than LDP currently had - how much more is conjecture. He did say he was in it to make money for himself and the shareholders. And as I see it as they are cutting costs, the way he will make money is by building the business by finding a good investment rather than taking fees for sitting on their backsides!
These are big numbers listed below and Im sure PGMM will take a decent % of the working capital. Would they want to work with £1m - £2m ? Is it enough?
 Investor consortium , with PGMM lead management, invested US$80m to redevelop the Philippine copper/gold mine, and took the lead role in driving the business development and managing operations. Mining operations resumed after an 18 month rehabilitation program and the stake was sold for US$370m  PGMM management oversaw the US$250m construction and commissioning of the 200,000oz per annum Masbate gold project. The project was developed on time and budget and has met production forecasts. Masbate was divested by project owner CGA Mining in late 2012 for more than US$1b
 Tim’s most recent executive position was as Chief Operating Officer at Carmen Copper Corporation. Prior to Carmen Copper Corporation, Tim worked for CGA Mining at the Masbate gold project (acquired by B2Gold Corporation) as the Project Manager managing both the preconstruction activities and mine development. He has also served as Vice President of Project Development for TVI Pacific Minerals and had his own contract drilling service company that worked with clients in the Philippines, China and Taiwan. Other employers include J.S. Redpath Mine Contractors & Engineers (1986 – 1993) and TVX Gold (1993 – 1995). He holds a Masters in Mining Engineering from Queens University in Canada
Business Focus Overview  PGMM acts as a strategic development partner for mining companies. PGMM seeks to identify projects that are compatible with its track record and which PGMM can add value to as the project is developed  PGMM is a project enabler and the involvement of PGMM is intended to facilitate a project’s access to development capital, both from PGMM’s investor consortia and other sources of capital  PGMM aims to promote value appreciation at every level of the capital structure
Castaway, tfl very good advice for you mate u obviously think this is a dead duck so why not sell before it drops even more? After all you got in here acidentally and you said you have made loads off here in the past! So think about it you wouldnt really be at a loss snd you would feel a whole lot better also me thinks :) gl to you and all :)
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