the week ahead..

so then,

yet again we have a huge week ahead of us leading up to the Aug 1st announcement of the JV partner and the immediate future direction of the company. this after the disaster of a Chinese financier (saddled with our existing partner) pulling the rug from under our feet at the last minute to exact maximum damage (and leverage) over PLV management in what can only be described as an act of unethical bastardy..

some early thoughts of what "I'd like" to hopefully have cleared up/answered by mid next week are below;

(Cockatoo and the JV partner)

- how much $$$ do we now get for 50% of Cockatoo?
- will there be a debt component?
- what is the likelihood of a near term (within a few months) cap raise (req'd for our JV obligations) for Cockatoo production? (dependent on deal with JV)
- will the new JV partner be given shares in PLV? (dependent on deal with JV)
- what is the mining start date for Cockatoo, late 2012?
- is there a 'plan of attack' being worked on with the JV partner for the underground Cockatoo DSO? was this a major component in getting the JV deal over the line given the low tonnage (~2MT) of easy to get at DSO presently on Cockatoo?
- will the JV partner get a 'royalty/MT' for any future low grade Cockatoo Ore sent to the pre-concentrator on Irvine?

(Timeone)

- are Timeone 'still' doing Irvine?
- if so, has PLV stressed that they 'untangle' themselves from ss&t?
- if they cant be separated, can PLV work with Timeone given they are controlled by ss&t?
- do Timeone want to 'get rid' of ss&t? what are their thoughts on the train wreck that has transpired over the last 4 weeks given they effectively brought ss&t to the dinner table?
- are Timeone trying/going to come up with the remaining $12.66 million to get them to 30% of PLV as per original agreement, and if so by what date is this now due OR will they now remain at 20%? will PLV/Timeone agreements be drafted again due to this?
- are Timeone involved at all in placing the Cockatoo Ore to market?
- what is the likelihood of legal action against ss&t down the track? can it be done, does PLV legal counsel consider it worthwhile pursuing?

(General)

- are the roadshow/insto presentations for PLV still going ahead as previously stated albeit delayed somewhat?
- have Timeone completed the costings from chinese manufacturers for req'd Irvine equipment? ie. has the pre-concentrator plant cost been finalised? when are the vendor finance agreements likely to be in place?
- DFS update? what are the ballpark savings ($$millions) realised from the synergies of owning Cockatoo to reduce the capex for Irvine? When is the DFS scheduled for completion? (dependent on above)
- any status update OR contact re: environmental approval for Irvine from the EPA?

Cheers
SuperTim