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why on earth did they choose mhl as partner?

  1. antonist
    920 Posts.
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    23/12/10
    11:13
    Post #: 7651847
    I watched the interview with PL the other day and he stated that they could not take a big stake in the Trinidad deal because their MC was only 80M at the time.

    So why on earth did they hand it to MHL with a MC of only 16M.
    Is it just a favour for my mates or am I missing something.

    With only a 10% stake and a discounted entry price for range I don't regard this as a company maker as compared to the Georgia project. However, I have my doubts that MHL can pull this of and wouldn't be surprised to see one of 2 scenarios eventuate.

    Range may now take a higher stake or
    Another party may get involved
    RRS Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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