Ding dong the WEG is dead which old WEG the wicked WEG.
So happy to see the back of this group - yes they still hold 20% (enter AKA) but removal from the board and deconstruction of the JV is excellent news IMO. They do not deserve nor should have any influence on our path forward.
Since the induction of WEG all they have done is screw PLV and it looks like this has finally wore thin.
Unfortunately WEG was the wrong partner. They clearly promised the world but failed on all fronts and commitments.
Hopefully a clean break is made and if this is the case we might have a chance of getting somewhere. Its time for a new partner who actually has funds (not claims to) and adheres to commitments. If this happens coupled with continued shipping from Cockatoo, some decent drill results we might actually see some rewards.
Time for a clean slate lets hope the new group are better than the last and lets be honest that cant be that hard so for that reason alone I see the last few days as a big plus.
PLV Price at posting:
20.7¢ Sentiment: None Disclosure: Held
