rights, page-112

So do I have this right ? Cliffs were happy to give cockatoo away as long as someone paid them back their $20m bond - PLV cant raise the money but give then number 1 shareholder 50% of cockatoo for nothing if they can find someone to lend PLV the money - on top WEG get a marketing fee for the pre sales that secure the loan that gives them their free 50%.

PLV are now going to effectively give WEG $40m to buy back the 50% of Cocakatoo they got for free, that was only worth $10m at the time of purchase.

Sounds like a sweet deal for someone and its certainly not PLV or their long suffering shareholders