So what is their debt position now? They must still owe about $150 mil?
They get our $30 mil for nothing, our exploration resources beyond initial Rosebery for nothing, future exploration for nothing.
They’ve got quite a lot of hedged Cu into the future and half our Cu % mineralisation...which is why they’re desperate for us.
Yet we have been repaid with a depressed share price to be crystallised into a ten for one deal!
Surely we could have done better than this. If the MD is weary of doing battle there are better ways of solving that problem.
Still not happy.
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