overview, page-40

Mav
Trust me I have looked into the background. Simply stating there is insto
Support. Also stating I would prefer to have Chinese in
The corner than a US institution.
Let me be clear, at this stage I have asked whether they are
Onto the need to protect downside from the new operation. The answer is very aware and in addition that debt may not be that big.
If the deal was done with full debt, and no protection I would then form the view that he can't be trusted. Until now I am happy to take comments as truth.
There are two big mitigating factors for me.
The modder east operation is a big safety net
The golliath float has created a large sellable asset
The Chinese involvement at a premium can not be dismissed as significant.
Doesn't mean that I am not aware of the risks , however I thought its valuable to add commentary to the fear we will have a debt and cashflow that may move Into negative from this asset