Ann: MoU Signed with Shenghe for the Commercisation of Kvanefjeld, page-27

Keep in mind in this deal the Chinese are equity stake partners. Comparative analysis with companies who deal with those who dont hold any capital interest in the project clearly wont draw fair comparison as a totally separated entity wont care much for such failures.
Put it this way. If you held 12.5 or 60% of GGG and had extensive contacts in the industry. Would you liken it to failure as readily as a similar project where you have no capital holdings at stake at all?
Shenghe didnt have to offer an equity stake. It could have chosen a healthy finance deal option given suitable offtake/pricing. But its not. Its asking for holdings and therefore becoming an investor in themselves and likened returns via SP gains much like ourselves.