Orica are not going to waste their time renewing if they don't see value in extending the deal. Do you think they just do deals for the sake of it. Sorry, with companies like Orica they would simply just move on.
Re your point....."Why do you think no extension has been formalised yet, one day before expiry of the previous agreement?"
Orica would naturally wait till the end of the current period to give themselves the latest information before then either agreeing to extend (which they have) or not extending (which they haven't).
As for "basic business sense" that you allude to it would really come down to what are the terms of the current agreement. It may simply be that Orica either extends or it doesn't. As both you and I do not know what are the current provisions of the agreement I don't really know how you can come out and say something like that. If you do have more details on this, as I said in my previous post, then would you please post them.
Ann: Commercial Update, page-17
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