Ann: Outstanding DFS Results Support Pilgangoora Expansion, page-107

Reading this announcement, I am reminded that 18 months ago there was much talk on these threads about PLS not having the right cultural understanding and relationships in China, and that having a marketing head with Indian heritage was a huge disadvantage when dealing with the Chinese.

Certainly, it is true that the offtakes took longer than expected, which delayed financing and construction commencement. But part of that was because PLS stood firm in the offtake negotiations, walking away from a deal with one party (mooo!) when they tried to screw us, and taking a step back to negotiate with Ganfeng instead.

But here we are now, with high quality and diversified customers, and stage 2 “sold out”. Management have turned what was once considered a weakness by some, into a key strength and competitive advantage.

Impressive.