WEG remains a significant shareholder in Pluton and has been...

WEG remains a significant shareholder in Pluton and has been very supportive of Pluton - achieving pre-sales of $12.7m of Cockatoo ore as well as a 1 million tonne off-take agreement that included a $23m pre-payment in October 2012. The termination of the previous joint venture was due to the perceived inability of Pluton to work closely with WEG. Following discussions between the companies, and the recent appointment of new management both within Pluton and WEG, the working relationship between WEG and Pluton has been extremely co-operative and productive, with WEG working closely with Pluton in successfully marketing the last 6 shipments of ore from Cockatoo island.

The termination of the previous joint venture was due to the perceived inability of Pluton to work closely with WEG.

I am so happy we are all friends again...I like weg....they give us munny. One thing has me perplexed. I was under the impression that tony told us conditions were not met that caused the termination of the joint venture agreement. And to my shock I see it was our fault that we couldnt play nice in the sandpit. I think we should give weg more shares for putting up with this...just isnt right. Im glad it only took 4 months to sort out....i was thinking it may take longer...isnt easy when there are perceive problems...let alone any actual problems. I am so happy...hugs to all the plv holders

pete....we are producing yipeeeeee....2 products too