HIGH RISK OF TAKEOVER, page-7

i agree, there are different levels we are talking about:

first level is corporate level adn, where a cornestone investor for a minority position would ensure future independence. a 50/50 jv is not in the cards.

on the project/ product level a jv/ partner could speed up some of the "late" products enormously by funding it earlier than adn could do with own cash flow.

the crawl-walk-run strategy would change to crawl- run- fly with a lot of high margin products in the markets early. the world markets will not wait for adn for 5 years or so .

so discussing options to improve the base-case dfs is a good corporate strategy. they have a highly qualified board now to judge the options for the future.

long for longer