The best thing about the announcement is the Koreans haven't tried to take advantage of the weak share price and negotiate a lower buy in valuation for their stake in Dubbo. Shows good faith and an utter resolve to participate. I know this is only tentative at this stage but this seems like a solid partnership and it's only a matter of time before execution. I'm very confident Dubbo will begin earthworks and construction next year. This is going to be a great company.
Ann: USD 15 m Subscription Agreement at AUD 8.90 per share, page-70
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