The deal does have a left hand right hand feel and unlikely we can peel away the layers as reported new entity specifically set up for this, interesting how they will find anything and why we believe a newly registered entity with what funding or track record behind it is a good option. This is all pretty standard swaps but far to say SH have lost massive on this.
Also the timing is odd as we are close, or not, from a more definitive result, one thing for sure SH have not been updated on what happening and so difficult to judge where we are with this and if value potential or not.
The real issue here is whats the deal to whom and why - we raised money for Mongolia and spent it in Aus we had money in place to meet any licence work program. As with all EXR things more questions than answers.
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