KB, That IMO is purposeful scaremongering.
If the Gambian government take up the 7.5% (still an 'IF') they take that of the 50 % we now have and are left with 42.5%.
Consequently if we did not have the extra 10%, (Say the 20 Erin percentage was awarded to another company) we would have to reduce to 32.5%.
I rather see we are having the 42.5% than the 32.5% don't you, so we can still maintain some reasonable percentage after selling off some of our stake, if this is what would happen. That of course is not for sure, as a successful PE could all change that. AIMHO!
The way I see it we still did an excellent deal to get that 10%.
*FAR Price Target Cut 40% to A$0.06/Share by Morgan Stanley, page-126
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