RE: Please be serious...
Jonathan, don't let hope/love of Wpx cloud your good judgement.
The Chinese have planned this perfectly.
They have the perfect way out.
Win win for them.
From the Altacorp report.
"Management also confirmed that the off-take agreement will be at market price. There is an out-clause where either party can dissolve the JV agreement should WPX fail to secure the necessary financing within two years."
https://fs1.hidemyass.com/download/2kJ1i/g59qrcdlspi6v4ost77ocr0t33
And from the BMO report
"Despite the investment by two heavyweight Chinese investors, we continue to believe the likelihood of WPX constructing the Milestone project is low, with the investment primarily politically motivated. In the end, WPX is $32 million closer to a likely $4B+ price tag, which is not much closer.
We understand from our sources political motivations were a primary driver of the investment and China Blue is treating the transaction as such. "
https://fs1.hidemyass.com/download/wZMr4/bjcv0qcim1hs1vgk9mu1q3fnh6