stephensorich...did you read the excellent first post from...

stephensorich...

did you read the excellent first post from BJHICE?

"[even if we use the bottom of the range Wandoan would be worth $18m and Mackenzie $100m] - they believe that having this Kandoman structure (which means they can raise money at that level also) will allow the listed CXY to retain exposure to these assets and unlock value a lot closer to these levels over the medium term."

I think that may give you your answer as to "where they get the money to do so"

The Cat is starting to purr again.

DK