Hi Denial,
so my understanding of the JV agreement was correct as confirmed by MW- it didn't make sense the other way. Good of him to take time and clarify it for us. I've spoken to him myself and appreciate his willingness to assist shareholders. Yep, your cover is shot!
I hope it all works out for us mate.
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gindalbie accepts $162.1m ansteel share at .85, page-72
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