in tony we trust, page-15

PLV is already working on a solution, the last line is significant

"On 28th June 2012, Pluton received communication from SS&T Group that they required significant changes and concessions to the agreed terms for the purchase of 50% of the Cockatoo Island project. Pluton placed its securities into trading halt and immediately commenced discussions with Timeone Holdings and SS&T Group to find a workable solution to meet their requirements, which included offering them significant concessions."

Also with the contract you could add an amendment couldn't you. Everything stands just do a final amendment?

Cliffs are a major shareholder in PLV, it would be in their interest to help PLV and secure the environmental bond hand over

How could SS&T operate in AUS without a local company, not sure the gov will let them walk in and begin mining Cockatoo

Timeone may also have a Plan B on finance, they did it very quickly first time they had problems over there.

Anyway all spec until we see what the parties have nutted out

CK