'The trading halt has been requested pending an announcement by the Company in relation to a proposed significant corporate transaction in relation to Pluton?s activities in the Kimberley Iron Ore Hub.'
I think the mention of 'Kimberley Iron Ore Hub' is key here, it doesnt state an offtake for 'Irvine Island'. Presumably it will involve dismantling the infrastructure on Cockatoo and getting access to the high grade DSO thats still there, Tony mentioned this scenario at the EGM back in June.
But hey ...tomorrow we shall know.
Cheers SuperTim
PLV Price at posting:
24.8¢ Sentiment: LT Buy Disclosure: Held