This morning in response to a question, I believe Cath Norman clarified that the ‘long stop’ date on the ONGC proposal is BEFORE the long stop date on the WPL pre-emption proposal? Did I hear/interpret that correctly?
My concern is that should the ONGC proposal lapse, prior to WPL proposal, and WPL proposal remains conditional on waiver/acceptance of the confidential ‘3rd party agreement’, presumably at WPLs discretion, we may see a scenario where the ONGC proposal is off the table, WPL are then free to withdraw/not proceed due existence of the 3rd party agreement condition. FAR would then have no bidder, defaulting on the JV cash calls – leading to WPL effectively acquiring FARs JV interest for nil consideration. I can see why WPL may be incentivised to have this scenario play out.
Have I completely misread the facts on this – or is the above, theoretically at least, a possible outcome with the current agreements we have in place?
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Last
49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19637 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30000 | 0.485 |
3 | 83930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
1 | 5000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 10000 | 1 |
0.510 | 69689 | 1 |
0.515 | 2239 | 1 |
0.520 | 79910 | 2 |
0.525 | 30000 | 1 |
Last trade - 13.40pm 26/07/2024 (20 minute delay) ? |
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