Novo - Purdys Reward, page-31

Money is necessary and money is what we don’t have.

RIO wanted to capture as much ground as it could. How much will they pay for what they missed is now the question.

I doubt RIO would have done any deal with ARV under its previous chairman. His style unlikely to fit wth RIO’s corporate image.

I would only be interested in deals where we shareholders get 100% of the value.

Seen other tie ups in the past where management feed deeply at the trough for doing what they had already been paid to do.