a good deal? could be but appears to make cok 100% responsible...

a good deal? could be but appears to make cok 100% responsible for both capex and current operating losses - so all depends on the funding solution i would think.

i like that mgt would make such a gutsy move though... doubling down in the heart of the trough is one way of clawing back losses from top of cycle spend.

question is whether it was by choice.