MACQ - sell down quadrant energy, page-21

Unfortunately Maggie there are two sides to every transaction. The buyer which you chose to apply your up ramping to. And the seller , and who knows the property better?

While it is expected for the investment bank to sell down their interests.

Have they sold out and reduced their risk at a Hugh profit ? No.

They found a buyer to share the risk but that buyer was only prepared to outlay a small portion of their wealth to buy a small portion of the property for sale?

I won't of thought this is a ringing endorsement of the larger entity let alone a ringing endorsement of the smaller piece Carnarvon has interest in?

Not seeing how your spinning this as fantastic news.

Seems luke warm news at best?

I have doubts that's its positive news given the sell price and the amount off loaded.

As always I suggest Caveat Emptor to all.