Hey there vwap,
A short term punt on GGP - surely better candidates elsewhere.
As you have highlighted, big(est) issue is the lease and legal challenge.
Leases expire Mar '13. Just a wild guess, but if one were to punt that the mineral rights owner would prefer to work with GGP after current expiration then its a good punt. If not then may end in tears.
What about that AKW indemnity - think you're right about what that's worth.
Can you expand on the AKW, director jail, etc... They are still suspended on ASX.
As to what bait - I hear whitebait can be used to catch blackfish... but not a fisherman.
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