No, the debt funder is GNR as per the third announcement.
I'm still a little unsure what's happened and reckon there are still pieces missing to this puzzle.
Couple of questions - is it common for a debt funder to take a board position while a 20% shareholder doesn't? And what is the meaning of that comment at the beginning of the quarterly that says "Funding will allow for the transfer of the project to Pluton". Is that the completion of the original transfer from Cliffs or is there another transfer of ownership about to occur? Are we giving WEG back their 50% under the original JV agreement and now buying it off them for $24m?
Apologies if I'm way off track here.
Cheers
Badfish
PLV Price at posting:
20.7¢ Sentiment: Hold Disclosure: Held
