Pulse Markets Webinar - Justyn Peters, page-22

In fairness, anyone who sells based on no Announcment today, is a bit silly IMO.

”Execution of the binding Heads of Agreement (HoA) grants DL E&C Co., Ltd. (DL E&C) an exclusive right to negotiate the terms & conditions of the proposed agreement (Agreement) by 31 May 2021.”

I would say that today would wrap up much of the negotiations, now the documents need to be drafted/amended.
One would assume that if the deadline for negotiations was extended, the market would be informed.

As Justyn also mentioned, this involves a lot of back and forth with translations included.

So we could perhaps expect an update within the next two weeks…. Though I honestly have no idea of how long it’ll take to get the documents finalized and signed off on.

Hey JL … it would be incredibly poor form IMO, for the company to take up the second tranche pre-announcment.
They should be able to secure a better deal on the back of something like this, one would hope.


Cheyne