Sup Karl, page-24

Again, they laid it all out in plain English in an AFR article from 2018... they aren't looking for portfolio companies, they are looking for a transformational, company-making transaction on the order of magnitude of $1 Billion+

https://www.copyright link/companies/sandfire-readies-war-chest-for-life-after-degrussa-20180503-h0zkke






Again, they can achieve this with leverage and with help from a JV partner. Karl is going to lever up and tap partners. It's a no brainer @ WACC <10% and post acquisition IRR>25%. Why do you think all the restructuring announced July 1st?