Yep the key word is "conclude".
If we're able to fend off M&A once we're open for business (and everything is formally put in place) and we're able to get through Thai IPO stage we either get a capital return or direct allocation (likely to be equal or above current share price). I suspect it will be the former given its simplicity plus it provides a cash reward to long term suffering holders (not to mention it allows RSK an ability to release some of his capital exposure built up for the past 20 years).
I remain extremely confident in a positive outcome no matter which scenario now plays out from this point given the quality of the Thai asset.
Nevertheless good luck to all as we all have our own unique risk appetites.
Ann: Thailand Update, page-185
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