Not sure how you figure that. They would have paid for a third of both wells and we would currently have 55% of the project instead of the 80% we have now. If the wells cost $50m for both Cluff would have kicked in around $17m (assuming there was no cap on well costs). With the raisings done since, that $17m probably would have been about 2oom shares. Do you think losing 25% of the project to save 200m shares would have been a good deal?
IVZ Price at posting:
7.1¢ Sentiment: Hold Disclosure: Held
