Given where the shareprice is sitting, it looks to me like an...

Given where the shareprice is sitting, it looks to me like an ABSOLUTE WORST CASE is being priced in.

I take that to be D&C trumping the shootout price (taking legal title to the Peruvian assets) and then not being able to stump up the cash to repay SRK the loans...?

I know that the loan repayment would be part of the deal, but D&C could cry poor in any event.

We'd have a protracted legal battle in that case - with SRK having no Peruvian project and a lot less cash that we thought we were going to have.

However unlikely the above is, the shareprice is reflecting SRK holding bugger all assets and bugger all cash.