Ann: PLS:Presentation-Pilbara Minerals to acquire Latin Resources, page-160

Nope, because when you guess those shares from PLS guess what, if the share price is at $2. Your cost base is $2.85, so you instantly lose 85 cents on the dollar. They've dressed the deal up to make everyone think that the value is $0.20c, but that's only because PLS is worth $2.85 today. Guess what, PLS closed at $2.74 - everyone has already lost money on the 'deal'. Make no mistake, there's no premium given on this deal. A scrip for scrip valuing us at $368million when we have an PEA saying our NPV is $3.6 billion with a 7 month payback for capex and one of the lowest cost per tonne. THIS WAS NOT DONE IN THE SHAREHOLDERS INTEREST.

Chris Gale needs to come clean about what has happened here because he's sewn up a consulting deal with PLS, that doesn't happen overnight. We should have been informed as soon as there was a formal offer on the table. Absolutely gutted today by what's happened.