The two later comers to the data room is confirmed.
The 1.5 week thing, brush that aside.
It's like selling your house, and the realestate agent says we have two more parites. You dont close the door on the process on x date.
The process is a very fluid thing, and a turn here or there, will be about extracting the best possible price for the sale.
So, lets forget that 1.5 week thing, its a line in the sand that was washed out with the late comers.
They will be given the opportunity to evaluate as were the others.
Asked him about the director options, but he said thats a personal matter for the directors and he wouldnt comment.
But i did suggest that at 27c, is bw 25-30c, and really, to buy the volumes they are entitled to, the options are the the best entry they have, which he agreed. But that doesnt hint one way or the other, what they will do.
Wth regard to the finance, he said that they would next to a 6 month extension, seemed very confident in that regard, like it was water of a ducks back, and not an issue.
That says to me, that they are to give themselves plenty of room for the process to unfold, but also, that you could read into it, that the lender, is also comfortable with the process.
cheers
MAE Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
