AKA---i disagree with your scenario. Lets say a new j/v partner agrees to a 30% buy in at say $400 million dollars---thats a cash input of $120 million---then a further $105 million towards the capex of $350 million---now Altona is sitting with $225 million of someone elses money in the bank-----take a two year period to get everything up and running-you could add $80 million income from the Finland operation---now they have $305 million covered and only need either one more year of income from Finland or a loan of less than $50 million -------doesnt look too hard from where im sitting---and will be happy to hold for a lot longer than that to earn a promising Dividend twice a year.All imo.
AOH Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held
