PLA 0.00% 6.7¢ platinum australia limited

jbl walks away with pla asset for aud 8.6 m

  1. 438 Posts.
    Does Jubilee board think they can just walk away with PLA's asset for just peanut AUD 8.6M?

    -A fully functional mine with 80 000 ouch/y
    -An operating processing plan - cost $40M-$60M to construct. At the moment JBL have to pay to PLA to use the facility
    -2 other large surface Platinum mines already fully BFS and mining license application pending, ready to construct.


    Let see what JBL get if PLA share holder vote NO to the deal.

    -Pay PLA to processing ore tailing
    -A million years to build Tjat mine
    -Find finance of $200M+ build Tjat mine
    -Construct mine and processing plants
    -Share price drop down to 2p?
    -X amount of debt in their account.

    Let she what JBL get with current proposed merge/(asset robbing PLA)

    -pay AUD8.6M to with their peanut share and wall away with all PLA asset + all their above problem solved using PLA asset.
 
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