What do you mean teddy. PLV and WEG are best mates. Its been a seamless relationship. The 4 months of suspension has just been so they could take a honeymoon.
Didnt you read the announcement:
“ WEG remains a significant shareholder in Pluton and has been very supportive of Pluton - achieving pre-sales of $12.7m of Cockatoo ore as well as a 1 million tonne off-take agreement that included a $23m pre-payment in October 2012. The termination of the previous joint venture was due to the perceived inability of Pluton to work closely with WEG. Following discussions between the companies, and the recent appointment of new management both within Pluton and WEG, the working relationship between WEG and Pluton has been extremely co-operative and productive, with WEG working closely with Pluton in successfully marketing the last 6 shipments of ore from Cockatoo island.”
Can anyone tell me what a ‘perceived inability” is? Assume it was the previous CEO perceptions??? Not like he would know as he only brought them in from day dot right and got to see them do their best work! Timeone was simply awesome and was sourced by WEG so who sourced the Nice Group???
Is it just me or are some having trouble swallowing management spin as it never seems to match what transpires!
ST – Nice group are simply that Nice so just happy to help out!
I shudder to think we are effectively mounting the merry go round previously travelled.
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