Surely its not so simple as one jv partner holding up the fid indefinitely by saying "sorry, we don't like your proposal - come back when the fspo purchase is gone" or that's what would have happened?
Fid needs to be a commitment by all jv parties to participate but there has to be eventual ramifications if they don't. Would think there is some point you lose your right to participate and your share? Can you explain your point of view more than one brief statement?
Ann: Update on Remus Proposal and Woodside Sale, page-64
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