This raise27 Apr 2024 08:56
Has put us in a far better negotiating position with the joint venture partner. Our piece of the pie will now be far bigger so in the longer term we will reap greater rewards. This needs to be explained to the market next week. The company has actually acted in our best interests. The bod need to be transparent in the next communication to the market and explain why this was necessary at this juncture. Things change in business when negotiating huge deals, by now having the cash to go alone if necessary it says to the JV partner, increase our piece of the pie or we’ll go it alone and take ALL of the pie!!