I agree ..... whatever long game it was playing seems to have fallen short of the mark.
The image below is from the June 2020 PLS Presentation http://www.pilbaraminerals.com.au/s...-4f00-972e-f134744b8f84/CorporatePresentation
.... I am figuring one (at least) of Pilbara Mineral’s leading partners who was NOT Ganfeng may have driven some of the timing here in regards PLS gazumping the refinance.
And by showing its’ hand in regards supporting the deal AJM has put forward, Ganfeng was clearly going to negotiate new offtakes with AJM from next year, but it seems it may have left it too late. ?
cheers
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