re: Ann: Chinese Mining Fund Signs MoU for St... So the reasoning is it is a short term cost (loss of 50% of JV of stage 1) for long term gain (no dilution of stages 2&3). But one of the benefits of stage 1 was it was to provide some funds for stages 2&3. With only 30% of the profit from stage 1 now IFE will need to raise more cash for later stages.
The company will need to provide more information for me to see the merit of the deal or I will vote no. Not that it will make much difference if TRF get to vote their shares.
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