It would seem that i am at the end of my investment rope.Timeone...

It would seem that i am at the end of my investment rope.

Timeone have all but taken over PLV by stealth, 30% shareholding (well was previously agreed, may be more in the next few weeks), 50% of cockatoo and 30% of Irvine.

As was mentioned by another poster, no doubt Timeone would not be playing by the rules and have been buying up PLV stock through associates over the past year.

Given the share holdings that we do know about, Timeone have greater than 10% of the PLV issued capital. They can effectively block any third party takeovers if they want, or at least buy themselves a seat at the negociating table.

This is a crushing blow to PLV shareholders, and my once absolute faith in management has all but evaporated.

Its time for a trade sale or poison pill (at best) since i dont think we are going to be getting either project funded and operating any time soon.