Pretty much, its not impossible that the deal could be re-negotiated but it's insanely unlikely.
- SKI wants the project up and running so they can get product
- They want a board seat and control
- They want a discount
The notion that SKI are sitting there worrying about the SP and not the bigger picture 5-10 years from now is just laughable. I do see them re-negotiating for a proper 19.99% though after bergen.
I don't see them offering up a measly 40m and jeopardising the mine being built in exchange for saving a few million they will most likely get back via their discount.
Just my opinion though and I could be wrong. But I think a fair few others agree with me.
Ann: Quarterly Cashflow Report, page-138
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