gullewa acquisition-mark 2

One final point, these long winded payment deals tend to have lotsa problems along the way, as you will know looking at what trouble ATW go into with its purchase of Gullewa from Batavia, if the financing market turns, MYG will really struggle to meet its commitments AND prove up the asset. Also a 10% free carry to ATW after MYG pays 100% for the asset is a big impost on the project and shareholders. My prediction is that this one will end up in court, the price paid is over the top and the funding is not there, Gullewa may be a "potential company transforming asset" but lets hope the deal structure doesn't wreck the company as a similar deal structure did to the spivs at ATW

DYOR