PLS 3.52% $2.94 pilbara minerals limited

Ann: Pilgangoora Roadshow Presentation, page-94

  1. 8,983 Posts.
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    I would like the question about what is happening exactly with TT answered? Is it going to be fixed? By when? By who? Why didn't it work correctly in the first place with all the testing and the fact it was meant to be a relatively simple operation? Do we still have a deal with GAM or not? If it is not going to be running any time soon does the current Ta price come into why not?

    The plan after TT was Strelley to give enough funds for month to month operation of PLS until the main plant at Pilgangoora comes online. How are those funds going to be replaced? When?

    That is a few quick ones off the top of my head and I know any one person will not be able to ask them all. However spread around a few people we could get some answers!! It's a shame no-one in Perth was able to ask any of those types of questions.

    I can certainly think of some more embarrassing questions for management about TT, but I wouldn't ask someone else to ask them. However if you can think of them and are prepared go for it. The TT disaster has cost us shareholders plenty in the huge dilution we have suffered since it was first meant to be working. If all had gone to plan A of mining before the end of 2014, with GAM prices locked in, then the price would probably be double or more than where it currently stands.

    Another question I thought of tonight is not about TT at all. It is about why PLS suddenly has to go around the world presenting to all these investor functions if we have 8 MOUs and people knocking on our door to help with financing.
    It doesn't add up having to go suddenly to all these investor events in London, New York and Hong Kong if the finance from one or more of the MOU offtake partners were really talking funding IMO. So what is going on with the sudden necessity to 'sell' the project?
 
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