further entension !, page-226

"".Ausjpn what reason do you give for the accounts from last year not being released and now linked to the current negotiations then.""

AKA,

No, the announcement didn't say that at all.

This is what the Announcement said:

""Once this is completed, the Company’s auditors will need to review all of the contracts linked to the funding agreement to determine if they have a material impact on the Company’s accounts. End of quote.

You quotation is on the definitive side of things, where the company annuncement is not. If they have a material impact they've said. It all depends on the outcome of the continuing negotiations.

So why do you feel the needs of twisting your comments when in fact they are totally incorrect. IMHO you are jumping the gun mate. They may have a material impact, and they may not.

Now, if I am allowed to, I will repeat what I have told you and the Forum on another post not so long ago.

1) The JV partnership has been disbanded.
2) The JV was bound/liable to come up with $20mill dollars for the bond.
3) Each of the JV partners would have had to come up with $10mill. dollars each to meet that commitment.
4) If WEG had paid their share of the bond amounting to $10mill dollars, as you have insinuated previously, and the JV was terminated, as it has been announced, PLV would have had to refund WEG $13mill dollars not just $3million dollars as announced. What does that tell you.??
5) If that Bond wasn't paid, and I still believe that that is the case, the Financials would have shown that a ""current or short term liability"" for the Bond was due to be paid at some stage or another. At the same time in the current assets, it would have to show the amount of cash received from the Offtakes, plus the money received from the sale of any Iron ores and mining.

Now, if that was the case, and the JV is going to be reinstated as a result of the continuing negotiation, then of course the Auditors would have to go through with a fine tooth comb to see if there are any material impacts as a result of it all. As such, the Company has made full disclosure of the possibilities that may follow as a result of the ongoing negotiations.
After all, and depending on the results of the negotiation, if the JV with WEG is going to be reinstated, the liability of the Bond and others costs including ongoing mining expenditures that are now appearing in the Financials of PLV will have to be modified and adjusted accordingly because that liability is no longer the responsibilty of PLV alone, but PLV and WEG, or whoever else it may be that may takes it's place.

I really don't knwo as to why you are persisting in writing those baseless comments. It is just you writing it for the sole purpose of possibly creating a big stir. I wonder.
And then you come out directing some posters to the following """""once again the plv thread is becoming about the poster not the issue."""
Can you stop for a second and ask yourself why.???

Buddy134