The Deal, ...and its just started..., page-23

Not many people mentioning CNE on here.
They are the ones with all the cards in this situation IMO.
They have a strong balance sheet with upcoming production income,
the timing could not be better for Them to make a move.

They could easily make a deal with a third party whereby they would
Take up the rights to acquire the 35% if FAR cannot stump up
The cash they needed to take up their percentage of the 35%.
They would then on sell it to that third party for a tidy profit whoever they may be.

Even if they didn't have a third party lined up, this can be declared
Commercial at any stage, with them being the operator and would require very little future funding in the Grand scheme of things for them to turn the 2c $2pb price into a 2P $5-10pb price depending on economics and doubling/tripling their money within the space of 12 months. They are shrewd operators.

Maybe somebody will just come straight out and offer COP more.
This could be the start of a bidding war and with such a lowball
Acceptance by COP there is plenty of room for that to happen which I'm sure
They are all too well aware. All eyes on Senegal right now.

Guess we will find out how much mongrel management have in them now.
Really is a defining moment in the companies future the next 6 months.