First oil is expected in Q4 and they've historically guided to this as a time when monetisation of the contingent payment would be considered. Given the now confirmed commitment to liquidation from management, my expectation is it will be sold to WPL within 6 months.
Assuming a 15% disc. rate over two years, I calculate the contingent payment as being worth ~$0.65 cps, so still some solid upside here in my opinion.
Ann: Proposed Capital Return, page-4
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