About ramping up production, there are two scenarios:
One, we increase production thus earn more money now, but that would also mean we recover the costs owed to us sooner, thereby increasing the value of the other 40%, making it dearer for us to acquire those.
Two, we keep the production low and drag out the cost recoveries, making the investment unattractive to the holders of the 40% equity (as they earn only 10% of profits) thus making it easier for us to acquire them cheaply. I haven’t done the numbers, but wonder which of the two is a better strategy?
About ramping up production, there are two scenarios: One, we...
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