Pilbara Minerals chief executive Ken Brinsden told reporters yesterday the sale notice put forward to Mineral Resources was 'rock solid'. Photo: Attila Csaszar

MinRes, Pilbara Minerals dispute escalates

Mineral Resources and Pilbara Minerals continue to lock horns over an offtake agreement for lithium mined at the Pilgangoora project, with the companies exchanging words over the ASX today.


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Sunshine Coast
PLS and GAM made the deal and now MIN does not like it. Is it childish or perhaps contrived to scare the retail holders into selling? Aggressive behavior is perhaps the opener for some larger intentions. This will become very interesting now the massive potential is seen by investors following the DFS I am a PLS shareholder

MIN continues to show itself as the bully has has always been perceived as. Fact is they won't get what they want and if they wish to join in the Lithiun party they should rethink their tactics. Shame on management. If I was a shareholder in MIN I would be asking some serious questions about if this is where I want my companies resources going, ie lawyers fees

In this article it fails to mention MIN allegedly did not take up the offer to meet with PLS on the redrafted Sales Notice. They only issued a letter in response to PLS' requests for a reply by letter and for a meeting. MIN mention the fact of the offer to meet in their announcement which is odd, why mention it? If PLS refused to meet MIN then MIM could have context to mention offer of meeting. That is why I allege MIN are playing "hall of mirrors" for some other reason....

shenton park
this just goes to show pls is on to a good thing and min dont want to miss the boat but its a shame its using these tactics. to drive down pls share price is there another agenda here i wonder. hang on to your shares and wait and see is what i will be doing

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BN30 Index

Index = 100 as of 4 Jan 2016
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Top 10 Shareholders

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Total Shareholder Return as at 31/07/19

1 year TSR5 year TSR
48thFortescue Metals Group122%19%
304thWoodside Petroleum1%1%
307thMineral Resources0%12%
429thIluka Resources-13%4%
553rdOM Holdings-34%12%
731 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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2nd↓Fortescue Metals Group$9,358.7m
3rd-Woodside Petroleum$7,536.1m
4th-Mineral Resources$1,706.7m
5th↑OM Holdings$1,512.4m
6th↓Iluka Resources$1,353.1m
487 listed resources companies ranked by revenue.
Source: Morningstar

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