Ann: Quarterly Cashflow Report , page-18

"Negotiations are continuing with Wise with regards to the Cockatoo Island Iron Ore Project and the sales and marketing agreement."

My take is that Wise group is threatening to sell their 20% if Tony doesnt want to renegotiating..."
........................................

Firstly, if WEG threatened that they would spit the dummy and sell out I'm certain Tony would say something like 'Go for it .. tell someone who cares'

Secondly, IMO, the first statement above is a positive one.
WEG, it seems, do not want to lose cockatoo but that does not mean they have any leverage.
I think PLV has the leverage and that is why the previously agreed sales and marketing agreement is ALSO under negotiation.

In my opinion,PLV has the leverage ... the whole thing is being re-negotiated at a time when PLV does not have its back against the wall.

Maybe WEG will now pay a FAIR AND REASONABLE price for their share, and as long as PLV has operating and decision control that's fine.