Ann: Cockatoo Island Joint Venture Acquisition , page-30

re: Ann: Cockatoo Island Joint Venture Acquis... IMHO, There is more to it than what eyes can see. And only time will tell.

But, one thing is for sure. And that is that if PLV does not come up with the money to buy WEG outright, PLV will not be allowed to manage the JV anymore.

I honestly thought that, once the problems issues were sorted out after the long drawn out suspension, everything was a going to be fine and that we were able to move on.
That doesn't seem to be the case now and I believe that WEG cannot raise their share of the costs for the continuing operations of Cockatoo.

I hate to be thinking as to how PLV will be able to raise the $21mill dollars to pay for being able to be kissing WEG goodbye. If they were to be issuing shares to raise those funds, how many hundreds of millions of shares will need to be printed and at what price.??

You are all free to disagree with me but IMHO, ever since Tony left his position, all we did was to be going from bad to worse, and if you are to try and ring someone in the Management area, you get nowhere fast either.

Good luck.