Yeah, the lack of specific time frames is a concern. USD risk...

Yeah, the lack of specific time frames is a concern.

USD risk plus no time frame. How long do you hedge for? Worth reading the Form 8-K, lots of conditions precedent and reasons to terminate the agreement. If that occurred, there is a termination fee and also a loan to repay. Very bad downside. The part that worried me is there is mention of investigations and access to information. Sounds like due diligence is still going on! Very strange.

My position was made easier since I have only held for a couple of months. I also was upset they did the deal in USD to the disadvantage of the smaller aussie shareholders.

So I sold around $0.90 but will watch, if it drops enough, might be worth taking the risk and moving back in.