POS has them by the short n curlies.
POS in prime position
PBT clearly & selfishly refusing to agree fair terms and split of the $120M FED monies.
This is not what POS got involved with them for, to see them build a fortune and nothing back to POS.
Do the germans think we sunstruck colonials out here are dumb just like the yanks at BMM thought?
Guess what PBT, no we aint dumb.
You are.
PBT cant get a loan or FED money unless they sign with POS and to do that they have to agree terms and pay CASH and hand over the crown jewels but looks like they dont want to.
So you want to build a refinery using 90% nickel stock, pray tell where is that Ni stock coming from and where is the offtake deal & current production for its supply as only BHP or POS can supply it in Oz atm and BHP wont be.
oh its planned and studied, well till we see the deal and production its sayonara !
POS dont need PBT at all.
We have 31 offtake partners and funders,
how many do PBT have? Only 1 we know of = the FEDS and they got that due to POS not PBT.
No bank or the FEDS will fund PBT shelf company UNLESS they have a deal with POS & POS is actually producing Nickel imho.
its called due diligence.
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