Running discussion on SP, page-43771

I must say I'm a little concerned about the PLS statement from Ben, and also the vehicle by which this major price-sensitive news has seemingly been passed on to shareholders. If true that AVZ have decided to hold off on a PLS off take, this is not how it should be communicated. That is, I'm afraid, textbook amateur hour.

The postponement itself is the bigger issue however. Do I buy that management have decided that now is not the time to fulfill their plan announced time and time again, even after saying the PLS off take was in negotiations and well advanced? Perhaps, perhaps not .

it could of course simply mean that the end deal was not to their liking, and then fair play if so. However it could also indicate a lack of appetite for the PLS product - maybe potential customers are waiting on the further test work to be completed? Either way this is a significant part of our future revenue, and I would've thought financiers would be needing some evidence that the product can be sold before stumping up 150 odd million US for that plant.

this situation really calls for clarity from the company, and whilst an announcement would likely hasten the recent SP slide, I'd probably prefer that in the long run to Chinese whispers getting out to single shareholders calling the company. By the way I also agree that too many people are calling the company for Tidbits!! Let them work for our future...