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$2.68 pilbara minerals limited

Ann: Update on Product Offtake-PLS.AX, page-612

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Thesi

8,740 Posts.

2622

27/07/16

11:51

Post #: 18376895
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Originally posted by binwood ↑

"I am unsure if the rights holder agreed to only 45 days. Are you?"

That was your comment. Monday's statement clearly said the rights holder has 45 days. Either this is directly from the contract signed with GAM or it is a lie. So yes we know the rights holder agreed to 45 days.

My question was - are you saying PLS lied?

Oh and the answer to the second half of the post that you conveniently ignored - This is from MIN's offtake announcement in Sept last year "Gangeng will purchase 100% of spod production from Mt Marion for the LOM at market prices on a CIF basis, subject to an agreed floor"

No statement of a dollar value. So they are also using a formula to determine price. On that basis how can they raise an objection of uncertainty around PLS' pricing for simply doing the same thing, albeit tied to Carbonate and not spodumene prices.

They agree to commercial terms or they don't.

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I certainly don't recall saying PLS lied.. Do you?

PLS Price at posting: 49.8¢ Sentiment: None Disclosure: Not Held
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Last $2.68		Change -0.010(0.37%)		Mkt cap ! $8.040B

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