Ann: Tomingley Debt Restructured, page-103

also, the timeline part of what Nic was talking about is one of the few good points he raised as majors can destroy the smaller partner by pushing those timelines into the next century as they can play the long game.
Placing a condition for any major to develop the project within certain timeline is something ALK should insist and probably the only condition they should not make - not negotiable.

But the above had nothing to do why I think ALK, at this stage, are looking for 50-50. Once they come to their senses they may accept more realistic offer.


my own views.