the likelihood hdr didn't know of potential issues is almost zero. Everymember of the JV receives daily updates. There would have been specualtion, hypothectical modelling done as well as discussions on when they would want to become informed so to speak. A lot of this is incorporated into pre-project planning and within the risk modelling
just to play the devils advocate a little further.. suggesting hdr didn't know of the issues with ching is akin to ignoring the selling in the 36 hrs prior to the announcement.. more importantly WHY were they selling?
HDR
hardman resources limited
trying to remain upbeat, page-21
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