So they have paid the stamp duty and are now hoping the new reincarnation of Timeone - the largest PLV shareholder who reneged on the original deal when a large backer bailed out at the 11th hour - who then introduced SS & T as the new financier, who Timeone then shafted with an illegal transfer to a new company fronted by a PLV director who may not even be the legal owner of the 20% PLV stock in a couple of weeks unless they can repay circa $7m to SS & T - can also arrange someone to lend PLV $20m for the enviro bond, $525k for Pelican plus PLV,s 50% share of the working capital.
WEG themsleves also have to come up $7m to SSS & T plus their share of the working capital - I presume only 6mt ton of the ore will be income to PLV ( 50% ) and out of this WEG get 3% commission and Pelican get 1.5% royalty.
How much is WEG paying for their 50% ? is it free for arranging the finance ? if not WEG need to find $7m to repay SS & T - their 50% share of the working capital plus " X " to buy 6mt ( their 50% share of the ore )
No wonder they need to extend the suspension for another month lote of Eyes to dot - Tees to cross and $$$ to be arranged before anyone can start guessing what the PLV share price may re list at.
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