rights, page-36

"they offering 434 mill shares @4 cents"

Correct as I see it, options as you say have to get into the money (+4.5c) by October to be sanely executed.

The WEG issue has until October to play out also (180 days to enter the sales offer from the 16th of April notice).

Can WEG refuse to enter the agreement and pay back PLV through iron ore or marketing sales commission? Sorry, I am not up to speed on the terms of debt between PLV and WEG.

CK