imajica said:they currently have 8.75% of this project but have first rights to increase it to a total of 35% (ie to own 100% of Vertex who has 35% of this project)
this will be a certainty
35% of a deposit which could be 5-6 bigger than CDU's rocklands
we are talking a share that's worth the equivalent of 1-2 Cdu's
What exactly does "first rights" to increase their ownership mean??? In order for them to take 100% ownership of Vertex someone must have to sell their stake, which in light of these results, must be fairly unlikely.....