plutonscores cockatoo, page-47

"Sorry AKA, its pretty clear in the announcement. The only consideration is taking on the cleanup cost. You seem to be the only one doubting this."

Turbo ! I will certainly eat Humble Pie and Extol virtues on management for having done an outstanding deal ( which it is if no additional consideration ) other than taking on the rehabilitation liability in 30 years time.

On that note there would be no up front consideration would there ? only deferred liability - Or does some huge bond have to be paid into a Govt trust fund.

Still seems odd to me that you are defending the M.D for not making a clarifying statement ?

He would get the perfect opportunity to re announce the project and shout it again from the Roof Tops..

How bout something like this.

The company today announced a potential company making announcement through the signing of a term deal to Acquire the cockatoo island infrastructure from Cliffs. Since making this announcement the company has become aware of Internet share chat rumours of a possible share placement or cash payment in regard today's announcement.

The company wishes to clarify that after the due diligence period and that PLV do proceed with the transaction that the only consideration ( liability ) to shareholders of PLV will be responsible for the rehabilitation costs of Cockatoo island.

Se ! easy peasy - LOL

Good luck to holders Im not really trying to knock the company I just would like to know the full picture in regards to funding of these headline announcements.

Cheers Hoot