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AGM, page-5

  1. 2,979 Posts.
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    Hi b4

    Yeah, still attending but with low expectations. Obviously FAR will not want to talk about SNE2 results: Fair enough, they must respect the JV. I will, though, be interested to hear:

    > The rationale for the recent CR after intimating it would be good to raise on the back of positive results.

    > Expectations of a further CR (implied by refreshing the 15% rule).

    > Have we reached, or are we about to reach TD? And ...

    > Given the data now to hand must be extensive, has FAR formed the view it is not market-sensitive? (Noting that a usual JV agreement would allow partners to meet their legal obligations.)

    > Their view as to just when SNE2 results are likely. For instance, do they foresee us having to wait for combined SNE2/3 results?

    > Finally - in the expectation that few if any of the above questions will be answered - I will try to get some indication of success by inviting the Chairman to rank the Company's satisfaction with SNE2 on a scale of one to 10.

    I suspect there will be two men and a dog present at a meeting that runs for 10 minutes.

    OOO
 
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