This is from the Chairman's address 2 days ago:
• We have one indicative term sheet in front of us for a $20 million facility that we expect to progress to a binding commitment capable of being accepted by us later this week. • We are expecting binding offer documents (subject to normal conditions and finalisation of due diligence) from another party early next week, again for $20 million. • There is every prospect we will receive a third indicative offer of $20 million very soon. The structure of each of these proposals is different, but they are all for $20 million, and we intend to finalise one of these offers soon
They are not all on the table yet. Do you really want them to take the first one when the second or third may be better? Do you honestly think they could trade through this?
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