PLV pluton resources limited

are weg pulling their weight?, page-66

  1. 262 Posts.
    To those of you who are seriously considering voting "No", just consider this. If PLV do not divest 50% of Cockatoo to WEG, then you as a shareholder are liable for 100% of the costs for developing Cockatoo.

    Many of you do not want to give away 50% of something that you now own. But if PLV ditches WEG, a time may come when management need money quickly and will have to raise it by whatever means available. Most likely by issuing more shares. Under that eventuality, are you prepared to stump up more cash to retain the same share of the company that you currently hold?

    It's likely that without WEG, PLV will need to raise funds at some point. So if you're not prepared to keep stumping up the cash in the coming years, you may be losing a proportion of your assets regardless.
 
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