Good News & Bad News, page-4231

I hope this post doesn't upset anyone as it is actually about PlS, as opposed to just arguing between each other and commenting on anything but the stock as the majority of posters do these days.

"Pilbara Minerals’ initial 21% participation in the JV is expected to be largely funded through the
previously announced A$79.6M convertible bond agreement being provided by POSCO Australia Pty
Ltd to Pilbara Minerals (see ASX: 28th February 2018) and the recently completed equity raising. Funds
from the convertible bond facility will become available upon formation of the JV and completion of
other conditions precedent to the draw-down of the facility, which are targeted to be satisfied during
the December Quarter 2019.
Under the revised offtake terms, the JV will also provide Pilbara Minerals with a second ranking
secured US$25M prepayment which will be used to partly fund the Stage 2 expansion of the
Pilgangoora Project. The prepayment will be conditional on the consent of senior secured bond
holders.
The upcoming quarterly might just surprise.