Ann: Redmoor 2018 Resource Update, page-43

If they can work out a deal with WLF then both projects would be viable. It works well for everyone and see little downside to the deal. Better than a 50:50 JV with a third party.

It's not. Simply a shame that RCF dumped so much capital into both companies with zero return to date. They're so heavily invested in all of this that I don't see them pulling out. I don't understand why they allowed NAE to give away 50% of Redmoor. Would it not have been easier to place someone else on the board and influence Gary that way? Not sure if T20 holders were ever approached regarding such a proposal