RE: PMO's $23m26 Feb 2020 22:10
Tarth, $23M is still a fair bit of money for PMO - it's around 10% of their yearly profit and given their debt situation they would not go ahead with this without a major chance of success. What I am not sure of is how much of the $23M would PMO have burnt by the time they have worked out if this is a go-er or not. If they will have only spent say $5M (as they have committed to pay up to $23M - that does not mean they will use the whole $23M ) then that is not a massive risk to them. Not sure if anyone knows the answer.