Ann: Company Secretary Appointment/Resignation, page-19

Cheers Chuxa I understand your risk mitigation strategy and I would say I have similar thoughts sometimes

But even the VWAP + 40% would be much "less than the look through value of the independent valuation" of the project, right?

So are we not insulated from an unreasonable buyout price from CEZ like the current VWAP anyway?

What about LTR? The offer was about 70% more than the SP, but still rejected as not enough compared to the project value. Their share price is now significantly higher than the offer. Are we not in the same position and do we not get protection from the standstill agreement? Just as EMHs current sp doesn't reflect 49% value of Cinovec the $2.50 offer for LTR is said to be a piddling 1/10 of their project value!