There is plenty of valid points. with several other parties involved you obviously have to bend over a bit otherwise you don't get the deal so in some respects if the Ni price holds we really got it for a song when all said and done given its previous value. if we can extract that value this will be all very cheap
10% for this or of commercial deal is quite normal. I have seen much higher rates for these sorts of deals. Bank rate plus a margin would have been nicer but ultimately do we want the project or not.
You would hope the liquidator would organise off market transfers for any major volumes. If the project stacks up and the funds can't get enough they will be asking - would be the first place to look.
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