In consideration for the Potential Acquisition, Pluton will assume responsibility for the environmental rehabilitation of Cockatoo Island when mining concludes. The consideration payable for the Potential Acquisition, and the available iron ore tonnage and expected environmental rehabilitation costs, will be calculated and advised after completion of due diligence, which will commence immediately.
The actual values will be advised once all the numbers have been run. If the rehab costs are 50 mill, then the consideration payable is that. But that is just an accounting exercise. PLV liability will be incurred years down the track. It really is clear. There is no dilution.
It is not a trust me statement. The PFS was a mess. Agreed. Later this month we will get a revised PFS with double the mine life and reduced costs. They stuffed that up. SPP buyers got shafted. We all did. I have averaged down.
As for the timeone deal - it's a beauty. Yes, most long termers have paid more than 35c. BTW, you can still buy them for less than that.
There is no need for a clarifying statement. It's clear already.
PLV Price at posting:
28.4¢ Sentiment: Buy Disclosure: Held