No S/T I cant come up with a specific scenario but from memory PLV spent almost as much on Lawyers as they did paying Cliffs $20m bond to Aquire Cockatoo.
How many "binding" non binding term sheets did they have prior to getting Timeone / SS&T / WEG on board ? then the subsequent embarrassing backflip WEG are punted ASX announcement - ERR no Shomwan is retiring to pursue other interests - WEG are back on board as our best buddies it was all a misunderstanding !!! - enter new New M.D B/C - ERRr no WEG are now again not our best buddies lets pay them out $40m for their half of something we gave them for free cause they arranged the loan / pre sales deal for us.
All tongue in cheek of course !! but honestly how can holders have any confidence of this going PlV,s way this time round ? they have been on the receiving end of the pineapple for some considerable time now and thats not even revisiting the PFS / JTC irvine "hiccup "
hOOt
No S/T I cant come up with a specific scenario but from memory...
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