RE: The 70 million They spent nothing to acquire the first 20%, they spent nothing to acquire the second 20%... so what the heck have they spent $70 million on ? Think about it , $70 million. That has got to be the confusion with that Sunday Times reporter. Nobody told him $70 million, he just assumed.
There is something delaying this transaction, and LFD is not in the drivers' seat. It has to be $25 million liability and the 40% royalty associated with the second 20% interest. Good luck with 20 cents, I don't see it. Genel might have money, they are not stupid.