R36,ASI would be buying direct as a hedge in case they cannot...

R36,

ASI would be buying direct as a hedge in case they cannot pick up the liquidators stake which CAP have first rights on I would have thought?
From here surely they need to decide on the economics of a bid v's JV?

Also if you think about who ASI is, one could see there investment as a call option to exercise whenever the timing is right for them. They will ultimately not be making the final decision if we are talking about the 2.9b capex on Hawsons. Never forget that fact, who the hell has that type of money and why then is ASI so keen to put their foot on Hawsons.

Dro