On 28th June 2012, Pluton received communication from SS&T Group that they required significant changes and concessions to the agreed terms for the purchase of 50% of the Cockatoo Island project. Pluton placed its securities into trading halt and immediately commenced discussions with Timeone Holdings and SS&T Group to find a workable solution to meet their requirements, which included offering them significant concessions.
PLV Price at posting:
15.3¢ Sentiment: ST Buy Disclosure: Held