60/40 is pretty good deal for CKA
I have been in stocks that have large companies farm in to get projects off the ground and they usually get 85/15 or 80/20
The argument being that 15% or 20% of something is better than 100% of nothing.
CKA getting 40% is impressive.
The market is still hard to impress it seems.
Might take a few days for the market to realise this is a pretty decent deal/announcement.
Ann: Cokal to Develop Underground Coal Production at the BBM Mine, page-17
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