gdy 105 million jv origin energy, page-17

Tawny I agree! As I understand it, Origin are effectively paying 109 Mill (assuming full payment) for the option to contribute 30% of total cost getting the project up and owning 30%. Ownership of 30% of the resource is pretty much worthless if the project doesnt succeed, so it is a massive sign of anticipated value (and upcoming success) from a significant energy player.

Makes my investment in GDYO look tiny (which it always was). But 109 Mill extra in the kitty makes the O's look very promising indeed. While it doesnt remove the risk, it certainly means that GDY will have to cash to make this baby deliver, so the 31 Jan deadline is less important.