Ann: SC 6 CADLAO REPUBLIC OF PHILIPPINES - DOE R, page-2

re: Ann: SC 6 CADLAO REPUBLIC OF PHILIPPINES... My thought are Conrad Clausons Viking group are profiteering on Ian Ripleys work by selling out to the Canadian group Woodvale.

This Ann now adds pressure for that transaction to either proceed earlier than expected and show genuine committment or that sale tranasction does not proceed and either Viking comes up with the goods or a new player steps in, namely Albers / Jacobs group OXX.

This Ann will result in more certainty. Hopefully Blade group will negotiate with Viking, Woodvale and OXX to quickly satisfy DOE.
PKO may end up with a bigger slice of the pie.