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clock Created with Sketch. 30/07/24
11:38
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Originally posted by That Fundamental Guy:
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This is the update on the strategic review process that I was looking for:Stage 2 of the process has now commenced with a smaller group of selected parties and will involve site visits and a detailed data room shared under strict confidentiality" The Company is now assisting these parties with their due diligence review of this material before engaging in discussions on investment terms which are expected to conclude in the June Quarter of 2024." [Stage 2] "The number of Strategic Investors will then be reduced prior to entering the final stage when confirmatory due diligence will be completed, and definitive investment terms agreed upon. This final stage is expected to conclude in the September Quarter of this year and Hawsons intends to then proceed immediately into the BFS."
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If they had a heads of agreement it would be announced by now. Still a ways off if they are only starting site visits and data rooms. Just being realistic
(20min delay)