I believe that the production combined with coming online this year would make it enticing. I agree though, Iona paid too much. They were in a tight spot as they couldn't sell off another chunk of a property for the cash they immediately needed, so they instead overpaid and had to use every cent of their debt facility in the deal, which the bankers don't like as it leaves them without a safety net should something go wrong.  Should the deal fall through, the sellers will be forced to accept something less from somebody who has a stronger hand to play.