PLS

1.00%

$2.98 pilbara minerals limited

Ann: Response to Pilbara Minerals Announcement,PLS-MIN.AX, page-103

First 103 Last

Share
Profile

Follow
jumpinjoey

1,144 Posts.

23

22/09/16

07:51

Post #: 19333109
Share

Originally posted by ozblue ↑

If no decision has been made on it, then how can it be in/as part of the deal we have with GLC for MIN to match or not.
It is either a part of the deal or it isn't.
This was part of Ken's comment on the 4th of July......
"“We are very excited by the downstream processing opportunity contemplated by the binding MOU signed as part of this agreement."

So the binding MOU is a part of the agreement. Mind you I'm not really sure how you can have a Binding MOU.

This is also what I would expect is a major sticking point with MIN. Exactly what are they bound to to meet the ROFR?

So if it is part of the agreement, then in the PFS they the independent party doing the study could and should have included it IMO. If it is not part of the agreement, then MIN certainly do not have to be part of it.

This was higher up in the first page of the agreement...
"The Off-take Agreement is for the supply of 140,000tpa of 6% chemical-grade spodumene concentrate from Pilbara’s 100%-owned Pilgangoora Lithium-Tantalum Project from Q1 2018 for an initial 6-year period, with the option to extend for a further 4 years."
and pricing
"Off-take pricing mechanism to be based on the price of Lithium Carbonate, so that Pilbara can share in pricing outcomes derived from carbonate deliveries to higher volume contracts with cathode makers in China."

Assuming there is a bit more detail of the pricing in the contract, then the argument with MIN will be decided fairly quickly by an "expert determination" as it is a straight buy of spodumene and the rest is not part of the contract/agreement.

What I'm trying to get across is that it is either in or out of the contract. It can't be in for one aspect and out for another. If it is "in" for the terms of the contract for MIN to consider, then the numbers should be "in" for the PFS as well. If out then out for both.

Expand

Ozblue have another read of the binding offtake agreement. The JV for the processing plant is a MOU at this stage.

PLS Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump is President Again: What Does This Mean for Crypto?

IMU

Imugene kicks off Australian trial for blood cancer treatment

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

HotCopper Highlights: Your most watched and most discussed stocks this week

There are more pages in this discussion • 3 more messages in this thread...

First 103 Last

Add PLS (ASX) to my watchlist

(20min delay)
Last $2.98		Change -0.030(1.00%)		Mkt cap ! $8.974B

Open	High	Low	Value	Volume
$3.00	$3.11	$2.97	$82.16M	27.12M

Buyers (Bids)

No.	Vol.	Price($)
12	65571	$2.97

Sellers (Offers)

Price($)	Vol.	No.
$2.99	7500	1

View Market Depth

No.	Vol.	Price($)
11	60571	2.970
9	483193	2.960
24	424025	2.950
9	70910	2.940
3	22000	2.930

Price($)	Vol.	No.
3.000	25026	2
3.010	24424	4
3.020	334253	9
3.030	120132	11
3.040	46200	5

Last trade - 16.10pm 08/11/2024 (20 minute delay)

PLS (ASX) Chart

Ann: Response to Pilbara Minerals Announcement,PLS-MIN.AX, page-103

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Universal Biosensors flat despite fresh deal with US medical product distributor

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump is President Again: What Does This Mean for Crypto?

Imugene kicks off Australian trial for blood cancer treatment

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

HotCopper Highlights: Your most watched and most discussed stocks this week

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Response to Pilbara Minerals Announcement,PLS-MIN.AX, page-103

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Universal Biosensors flat despite fresh deal with US medical product distributor

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump is President Again: What Does This Mean for Crypto?

Imugene kicks off Australian trial for blood cancer treatment

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

HotCopper Highlights: Your most watched and most discussed stocks this week

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News