PLV pluton resources limited

wegs failure to complete the comditions

  1. 42 Posts.
    Hi
    Just wondering does anyone have any info on why WEG failed to complete the conditions to take its 1/2 of cockatoo ownership given it didnt seem to involve stumping up money. Given they are PLVs largest shareholder, are assocaited with rizhao port who rescued us with the presale money up front a few months back, and I imagine are still on very good terms with PLV what could have been their motivation for not completeing?

    so 2 questions 1)what condition/s did they not complete and 2)why didnt they complete them if cockatoo is the slam dunk deal it looks to be at a cost price of approx A$73 and iron ore prices at approx A$140.

    Cheers
 
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