It’s not “net neutral” on future profits & distributions to the JV owners tho once Goulamina is producing, and the market is forward looking - hence the big institutional broker selloffs here. 5% of Goulamina profits over mine life might’ve been a significant contributor/funder to other ventures by Leo further down the track (and at 9.99% capped of LLL, Ganfeng would not have had the ability to direct how that was to be used). I don’t think anyone should be shamed for commenting here - as I have previously - that it is not ideal to lose any equity in a project. But yes, we have to accept this is the new norm now & move on or out.
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