CK yeah sure that could happen but dont think it will.
If that was the case they would have been involved by now i think as WEG would have reached out and the new group would already be in play or working away.
I think the level of risk around this and uncertainty of Cockatoo doesnt present an attractive takeover target.
I always thought WEG or some derivative, relative or something that ends in tive would be the ones to make the play. If that play was to be made it would have by now.
Given Irvine was the crown jewel of the company and this is now on the backburner with no real plan, timelines (ones that are realistic and will eventuate) or partners then all is left is Cockatoo.
How much is left in the kicker for Cockatoo time will tell but cant see a big play for PLV in its current state.
PLV Price at posting:
4.0¢ Sentiment: None Disclosure: Held