It gets complicated herbit but essentially BUY will be free carried for 15% of PEP 11 revenue, assuming Advent achieve the first test well as planned. Advent will then earn 85%. Ownership of Advent is a moving target at the moment and recent reference for this see http://imagesignal.comsec.com.au/asxdata/20091021/pdf/01000866.pdf
Pls DYOR on this and best of luck.
bullish on pep 11, page-5
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