I'm watching the LCY deal with great interest as well - however i'm not sure how much bearing it has (if any) on the mou and (hopefully) future deal with MAK.
they are buying half of LCY, and paying an amount based on a valuation etc - i.e. there were plenty of details to be worked out from the MOU to the deal.
with MAK it has already been flagged that they are buying half of Wonarah, for reimbursment of costs to date and arranging finance. it's not like we can expect an offer above market rates as there isn't a market - it is just what MAK have spent so far. Hopefully if (when?) the offer comes there is significant detail relating to the finance portion as I think that is as important (if not more important) than the cash portion.
lcy deal, page-2
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