Ann: PLS:Presentation-Pilbara Minerals to acquire Latin Resources, page-226

The way the market is at the moment and with where LRS were position it was still viable for LRS to proceed to production. The statistical value of the resource upheld the road to production. I think the BOD just gave up looking for a cheap way out of the work that was coming.

PLS are laughing all the way to the bank at the expense of us shareholders getting a better deal.

With what Collina has to offer and a lowball script to devour us, I still think other better positioned companies surely must be running the rule over the viability of an offer. RIO doesnt have to spend any money for exploration, just $400M for a plant and they would be in production within 2 yrs also would compensate them for their SERBIA problem on hand which may not get off the ground.