Associated News, page-534

Especially if the shares on issue didn't increase for QPM.

IMO The risk vs reward is way better having a major or two on board sharing the risk rather then trying to do it all on your own.

I would much rather trade some of the upside for less risk any day of the week. Especially if it makes the rest of the finance process easier.

Right now the debt is conditional, does anyone here actually think the syndicate would rather QPM try do this project on it's own vs a JV with majors?

Which version do people think the debt syndicate or other institutional investors would actually prefer?

If QPM doesn't need to raise any more money and does a JV I think the rerating would be higher than QPM doing a equity raise which adds 2x or 3x shares on issue.

I think a JV could be a surprise to the upside and actually be a more bullish scenario.