robo, you state "all subject to settlement of the Trilogy sale and approval of shareholders!"
That's 100% correct. But read the wording from the announcement carefully
"The agreed revisions to the Offtake Agreement are subject to the completion of the sale of the Trilogy Assets to Silver Lake which in turn is subject to the approval of Phillips River shareholders"
There's a nice protective mechanism in there for SLR, preventing PRH from wriggling out of the deal, and pursuing alternative funding arrangements. Basically if the SLR deal isn't approved, PRH are stuck with an Offtake Agreement which will undoubtedly sink the ship
Cheers
PRH Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
