Just read this:
http://www.smh.com.au/business/alara-still-has-several-mountains-to-climb-20110412-1dcl4.html
So McGowan goes and tells the journo details of the new enterprise (including stuff like 23% ownership by CBD and when they will start getting management fees), and doesn't feel compelled to talk about it in his 'market sensitive' announcement.
This is fast becoming a joke.
jv to be signed april 18, page-12
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