RE: BEY, similarities6 Jun 2024 11:03
Vermilion are probably not interested in 50% and either don't want to have two negotiations, or don't want to risk holding the baby. So the deal on offer might be for 100%, but PRD has to buy out Theseus first. If PRD has an undertaking from Vermilion, the risk is quite low, especially if the Theseus 50% comes on 'sale or return '.