what is plv worth ??, page-54

Insaf,

As I have said in a previous post of mine, I think that it is all too late now. There is no way in the whole wide World that the Chinese will let go of us know when they have got us in that good and solid squirrel grip.
Only if and when it will suit them, they might let go. But not before.

It is all too late now and we should have thought so a long time ago, and well before we decided to open up the door for them to come in.

You can see, if you would care to go back a step or two, what actually happened to us and to our sp, after they did the first backward somersault, and when Tony S. was forced to cancel that famous EGM meeting just about 1 hour before it was due to start.

There is no way known that anyone from outside would even consider making a move on us now.
The only way now that some other forces will come in and offer to take us over, would be if this new intending party would be willing to give the Chinese the off-take to the whole of the Iron ore that we will be mining for ever and a day, AT A DISCIUNT, and pay them what they will demand for their shares.

So, chances of that happening are just two.

1) Buckley's, AND
2) None.

And there is no way known that any Financial Institutions will even dream of lending us some money to go our way, when they know that The Chinese have a final say on proceedings and when they control 40% of our company.

You have just witnessed at what happened now when the Chinese have just being awarded another 19.9% of our company. That alone speaks for plenty.
Why couldn't we have raised finances elsewhere.??? Simply because........I now refer you to what I wrote above.

You can DYOR, but, and IMO, we are in a tight squirrel grip. A good and proper one at that.

So, once again, what are our solutions.???
Well mate ....... your guess is as good as mine. But, give me the opportunity to recoup the majority of my losses, (and there are plenty of them), and if there is nothing coming out from the company to encourage me to hold for longer, I will be gone.

It would be a different proposition if the Chinese were to have a say based solely on what happens with Cockatoo, but they haven't, have they.??
And we have just given away another 25mill shares, or thereabout, for a little more than two mill dollars, haven't we.??

Good luck mate. I am sure that we will need plenty of it.

I am simply calling a spade a spade. That's all.