re: Ann: Bullseye Prospect Sale of 8% Working...
Depends on their relative financial strength and what they see the most appropriate way of paying their extra for the cost overruns on J #2.
If they are financially strong then those companies in that position will simply provide their share in cash. Many of the companies involved probably have ready funds available.
A company like QPN which has limited funds available will have to find a way of funding its share. That may involve a placement with a suitable investor or it could involve some cash raising through some other means.
It certainly does not mean that a % interest in Bullseye would need to be sold..... though that possibility should not be ruled out.
There are a number of ways to skin a cat as they say. Just as GGP has shown.
GGP Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held