trading halt changes at cockatoo ?, page-115

SJKWS and others who are over JTC dialogue

Some shareholders still marvel at getting rid of a deep pocketed TRUSTED Japanese partner to go to a Chinese partner who has proven they struggle to raise $$$ that equate to barely 5% of what Irvine would cost to beneficiate.

NB: JTC had the beneficiation capacity - hence the MOU

Math was never my strong point at school, but how the hell could WEG/Timeone/SS&T come up with a package for Irvine when they couldn't pay on time on multiple occasions at rates that are 20 multiples less than Irvine requirements?
Their supposed deep pocketed partners? They failed too.

AND...they were swiftly kicked off Cockatoo because they failed to meet conditions!
Thats PLV showing their confidence in WEG going forward at Irvine if you hadn't noticed.
Those actions don't tell me they want WEG on Irvine at all - so where does that leave Irvine development and the now labelled 'sleeping giant'?
In a coma perhaps? On life support? Or dead in the water?

These associates are opportunistic at best and have failed to deliver whats required numerous times.
Theres 2 agendas if you hadn't noticed. WEG/PLV do not appear to be a team - its been demonstrated.
Thats not a healthy combination for this company or market perception.

WEG/Timeone had a chance to confirm that that decision was a good one to drop JTC. They demonstrated it wasn't.

Chinese best partner? Thats a motherhood statement if I ever heard one.
PLV chose a Japanese partner in amongst the strong Asian interest 2 years ago remember?
And the best Chinese partner PLV chose after ditching the JTC? It near crippled the company and nearly saw it (READ AS US SHAREHOLDERS) end up with nothing.

Chinese best option? That is still to be seen.

Remember the JTC were talked up as being a better option than the Chinese at the time?
Some conveniently forget that.

If you look for the fair and balanced view points of former PLV Geo Al Reed you will see what he thought about it and how he diplomatically compared the Japanese option with the Chinese one.
His comments are well worth reading.


Maybe the dialogue should be:
What would have the JTC brought to PLV (read as a bird in the hand..) not what they couldn't promise to deliver that others said they could....but clearly haven't..or worse still never will be able to.

I'd rather have a smaller niche operation built on professional trusting relationships and partnerships than deal with associates that demonstrate questionable business ethics, a failure to raise capital on multiple occasions, failure to attend AGM's, and a lack of accountability.

I'll take the sushi over an all you can eat $5 buffet any day of the week.

The new slogan perhaps:

JTC? Please reconsider.


...maybe they are...?