hows good was the 31 to 1 ! suspension cont, page-90

based on this series of events, it would seem logical that Hyundai would replace WEG as JV partner.

Why.

WEG had their chance, both with a financial partner previously and then on their own.

Both transactions werent completed.

Hyandai are one for one at the moment (at least from what the market can tell). They have money, and have stumped up the 'prepayment' for $17.2m so far.

Further contract negociation seems likely, though never guaranteed.

Given the prospective nature of the underground resource on cockatoo, i would imagine that some sort of earn in arrangement would be brokered rather than a straight out sale. Lets face it, no one would stump up $'s for a % of a project when something 'may be' there. I expect if it is a deal with a 3rd party (lets assume Hyundai) then it would be spent $X to earn Y% interest in Cockatoo JV.

Thoughts?