JV includes the marketing and sales agreement. It is not isolated to the ownership. It will include everything stipulated within the JV agreement. So one definitely cannot reach the conclusion plv has breached any laws assuming 100% ownership, but WEG is obviously playing hard ball in regards to the negotiations. So I expect WEG is negotiating a return to own a stake as plv needs it to renegotiate or relinquish its marketing agreement. What this will entail we do not know. Maybe it is plv paying WEG out for cockatoo and Irvine and completely erase them from memory (could be why the 24 mill is needed) or most like WEG will have some ownership 50%
PLV Price at posting:
20.7¢ Sentiment: Hold Disclosure: Held
