$4.00 Santa Rally, page-17

savy, what is the worst case scenario if Babis wins? There won't be a landgrab, and forced acquisition would lead to massive problems and reputational damage. Babis knows the project will not happen in this scenario.

Compensation? Would that be the worst outcome? Surely the level of compensation would be more than the market cap at the moment. He's already said it's worth Billions.

Anyway this won't happen. Both parties need each other and the Government know there is a race to get it out of the ground as quick as possible. Babis knows he could line his own pockets and those of his other connected companies once we get going. That won't happen with a land grab because who will want to get involved with the Project then?

What's likely is just deepening state involvement. This will significantly derisk the Cinovec project as a whole, and make it a lower credit risk for any other parties needed to be brought in.

I can't see a negative scenario.