JV by definition means 50% of previouly advised expected revenue. Circa 14 5m before costs i believe. If a jv then partner I assume will have the tolling plant/ smelter maybe all they are providing is that plant and POS needs to freight ore to Kal so net revenue a bit less than 13m.
The last CR was to my memory to restart the plant. Looks like we will need a further CR to actually restart which is disappointing given the time delays.
With cornerstone investors selling down who will put new cash in? Retail will need a good news story to commit IMO.
Expected Upcoming Capital Raising by POS, page-9
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