Clever Thats what I am getting at. But I take little comfort in assumptions of due diligence, its dangerous to do so in my experience. Union Pacific appears to have no source of regular independant income. If it defers the payment of a debt to party "A" so as to pay "B" (say, the Indonesian government) what is to stop party A from taking proceedings under the Corportion Act, winding up Union Pacific (with no apparent capacity to pay the debit) and then sending Union Pacific's assets (includng the Walawi project) into the hands of a liquidator This would be an utter disaster. That's why I was questioning the wisdom of the AEM managment not independantly pursung the acquasition of the project directly
EOR Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
