technically this is a form of joint venture if you want to stretch it that far. the 62% price mark they are using is in Aus $ which is a brilliant win for us. 1 ship at 65000 tons with IO at $140US/62% current price will get GBG $350 000. thats a brilliant win and to get that $450000.00 AUS GBG just sits back and does nothing. take 3% off for 59%IO = $436000.00
How can this not be a WIN.
Management have done a good job on this. almost none of you wanted GBG to outlay money to start Shine so management do this WIN and ppl are whinging. get real.
If i had capital spare i would be buying.
dyor
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