What I’d like is an honest admission by Leo as to why they (imo)...

What I’d like is an honest admission by Leo as to why they (imo) succumbed to GF on a 4-month effective “window” for settlement period for the intended GF strategic placement announced in May, based on the conditions precedent: (a) Chinese regulatory approvals, and (b) executing the cooperation agreement.

I bet we’ll never get to hear why it would presumably take a behemoth like GF four months to end of Sept to get their Govt (to which GF board members are widely known to be affiliated - just Google them) to wave through a paltry AU$106m investment in a strategic resource.

The binding agreement to invest wasn’t so binding after all. Most other binding strategic share placements don’t offer such wide & pushed out exit windows.

We need to add Machiavelli to our reading lists too.