the way i read it is
haw will spin off gold into other companies and mt bevan will effectively be all haw has. now lcy are paying 5mill to own 60% of haw (ie mt bevan). by completing their obligations under the jv they would have had 60% of mt bevan anyway but now for a few extra $ they have control of mt bevan.
crap deal for haw and good for lcy imo.
lcy taking over haw, page-45
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