to me it always sounds very logical pottermore BUT 20% or 10% if PCL go on for second well is not enough equity for the big guys and even many mid tiers SO they also have to neg with WDS who of course are unlikely to develop 100% - they too will likely want to reduce capital risk - and so the third party can get what they want from WDS - PCL find it harder to exit on their terms. No doubt WDS have pre -emptive rights too. i agree if the prize is a ripper then i imagine it will sort itself but the % equity PCL end up with actually becomes nearly stranded as i said above not enough for many a Co????
PCL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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