What concerns me is that the only perspective from which this deal doesn't seem to look "stupid" is that of the directors.
And if you want to compare an apple, compare an apple. Don't compare AGO with RND or
TBR compare it with Liberia as it was presented. I agree AGO and BCI are not good investments, and are being priced accordingly - our directors seem to refuse to do the same with Liberia. The project was conceived at another time and it's pricing makes less sense now than it did the - it is worth nothing!
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