well hoots it just goes to show how desperate and keen they are to get rid of them once and for all..
effectively $40million to turn off the lights piss off and leave the marketing agreement and shares behind..
they want their money back, IF they know whats good for them they'll take the offer as its outstanding for them, the alternative is getting $0, owning 50% of cockatoo with an outstanding $20million debt (as of June 2014), a pipeline of $50million in capex costs for stage 5 to start funding in 12 months time and a legal stoush in Australia with PLV clawing back their % of Cockatoo for $0 over their debt..
should be interesting 5 months..
PLV Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
