Not speaking for CNE but there are other reasons that FAR does nothing and it is not because SNE is a dud.
What is in the agreement is in the agreement and I'm sure that FAR is being coy.
However unless their has been a serious lapse it only makes sense the the clock starts on the pre emptive rights when CNE and FAR have copies of the WPL COP agreement in full, fine print and all.
Anything else would not make sense.
The public announcement timing is of no consequence.
It could be that the clock started ticking two months ago or has yet to start.
Taking it at face value that FAR was blindsided with WPL's announcement, then one has to presume that the clock has only just started.
FAR don't seem to want to be open about the window 30, 60, 90, days etc.
Is this sensitive information that should be reasonably withheld??
The share market action sure doesn't indicate that there is anything going on.
At least not yet.
FAR's another response, page-20
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