Another thing to consider is that they are only proposing the...

Another thing to consider is that they are only proposing the equivalent amount of shares as what the debt would have amounted to. There appears no intention by either JV partner to capitalise on this at shareholder's expense.

It all comes down to the shareprice agreed upon as to whether it will be a good deal for shareholders.

I can't wait to see the valuations considering GBG put $4.00 on itself! If it comes within cooee of a third of that we'd be lucky.

By the way GJ tipped IO prices to rise by 10% next year so I hope they keep that in mind when they set a share price. What's the bet he's had a rapid change of heart?