@luckedoutWhat H8 has outlined is correct, it is definitely a...

@luckedout
What H8 has outlined is correct, it is definitely a curiosity - what happens to the MRE, performance shares? Are they modified as well?.

From experience, a corporate restructure completed in such a timely fashion, more often than not, serves a purpose and is a signal of something bigger in the foreseeable future.

Mixed equity/cash offers from one party? From multiple parties? Straight cash offers? who knows.

What we do know, as Corgi has kindly illustrated in a string of posts, is that our directors and our Chilean JV partner are in business to turnover a profit and should be making decisions that are in the best financial interest for both parties. A potential takeover is the most likely scenario as it would benefit everyone.

I'm speculating that this restructure is a means to allow us to gain a higher % of the project earlier, granting us better leverage when discussing M&A offers from 3rd parties.