Falcon, can't see it as OPR mandate expires end of Dec, MMX deal...

Falcon, can't see it as OPR mandate expires end of Dec, MMX deal won't go through until Mar'12, so a condition on deal proceeding to close is Barnett novating OPR agreement to Mitsubishi, the sale gives him an excuse to do this and allow allow more time, this will be done on or prior to end of Dec.

This has the effect of driving other bidders away from MMX, only way to deal on asset then is from Mitsubishi.

Neat and something that the deal makers thought through in consultation with WA Government no doubt.