Started a new thread for discussion of what might befall us if the cockatoo deal falls though. Any thoughts?
Seems that based on past performance by Chenxi Wang at finding financiers and the current state of the iron ore market that this may not work out for PLV. This seems to be the general sentiment on here.
Can PLV get Irvine off the ground without the DSO from Cockatoo? How integral are the facilities on Cockatoo to the Irvine project?
If Timeone / Wise Energy Group can't obtain finance for purchasing Cockatoo, then what is the chance of them obtaining the (much larger) capital required for Irvine?
If Cockatoo falls through, what is plan B?
PLV Price at posting:
15.3¢ Sentiment: None Disclosure: Held
