Below is part of a Ozblue post after speaking to the company so...

Below is part of a Ozblue post after speaking to the company so it appears from Pilbara's view point the MOU does in fact form part of the binding off take agreement which then in turn means those conditions of the memorandum of understanding form conditions precedent to the Binding off take agreement. No wonder MIN require more information to waive their first right of refusal. All very confusing. well to me anyway so perhaps one of the more knowledgeable posters could perhaps help clarify?


"Anyone want any facts? I've been talking to John Young, KB is extremely busy in meetings etc. John is up to date on most of it but not everything."

"If MIN can get a ruling in their favour then they have to match ALL the conditions or take 2.5% royalty ( the processing plant JV in Asia is PART of the offtake agreement), so is subscribing for 5% of the shares in PLS."