PLV is already working on a solution, the last line is significant
"On 28th June 2012, Pluton received communication from SS&T Group that they required significant changes and concessions to the agreed terms for the purchase of 50% of the Cockatoo Island project. Pluton placed its securities into trading halt and immediately commenced discussions with Timeone Holdings and SS&T Group to find a workable solution to meet their requirements, which included offering them significant concessions."
Also with the contract you could add an amendment couldn't you. Everything stands just do a final amendment?
Cliffs are a major shareholder in PLV, it would be in their interest to help PLV and secure the environmental bond hand over
How could SS&T operate in AUS without a local company, not sure the gov will let them walk in and begin mining Cockatoo
Timeone may also have a Plan B on finance, they did it very quickly first time they had problems over there.
Anyway all spec until we see what the parties have nutted out
CK
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