A question for the long term guys if i may......In the old video which i posted last night, it was stated that the Tincom deal was to develop a 6 billion dollar project, with ESI gaining a 10 percent, non diluting free carry position.
Did this remain the case up until the parties went their separate ways?
"In the correspondence Mr. Youren states “We are still very committed to the ECT investment and are including the company in a number of additional projects that we have underway. We can confirm that the funding that we have organised in conjunction with our partners IMFA includes funds for the development of Coldry, Matmor and EL5119.”
Additional projects to me reads additional to the 3 projects mentioned above......Going into the real estate business are we?
Mr Makino was pushing the East Kalimantan project in ESI's direction.....Possibility perhaps.
ect funding, page-26
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