there is a difference between owning 60% of a project and 60% of a company.
60% of the project means you have to keep dealing with the other party on how to progress the asset.
If they dont agree on how to spend the money, then it all breaks down then you get into legal disputes and the whole project stops.
owning 60% of the company with board control means you call all the shots. the other party becomes a follower.
the more the HAW shareprice goes up, the more cash taken up in the SPP. LCY gets 60% post all of this, so LCY could be moving into taking control of a company with cash in the bank.
could legacy's entry effectively be paid for by the cash that will be raised by the SPP?
there is a difference between owning 60% of a project and 60% of...
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