CND 6.67% 2.8¢ condor energy limited

Ann: Sale of Finance facility Shares, page-28

  1. 2,989 Posts.
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    Yep, cr always an option, the terms are where the devil lies...

    That was another head scratching moment for me...given the size of the prospective resource, why would a major not come into it? atm, its like three guys met at the pub and hatched this all or nothing deal...using other peoples money for 75% of the costs in return for 37.5% of the jackpot. Does not seem like WG paid that much for this, so essentially they scored an almost free carry.

    Despite my reservations, I might still shell out a few shekels...
 
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