Hydrogen, I'm aslo asking myself if the deal is still on with the movement in the CQT price today.
I'm suprised why we have not heard anything from SBM in relation to their bid for CAH. If i was SBM and i still wanted CAH i would do my best to ensure the deal does not go through.... I would not do this by getting into a bidding war over CAH, but by persuading CQT to not agree to the merger (only CQT votes on it). This could easily be acheived by pushing up the CQT price so that the merger does not look attractive in the short term???
Conspiracy theories aside, CQT share price experienced much weakness around the time of the announcement of the merger and should be stronger. I was suprised to not see much movement with the most recent announcement in relation to the offtake agreement. The price rise is probably a result of renewed interest from the most recent announcements. Hopefully CAH will soon follow as that also looks to be somewhat undervalued.
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at last some movement, page-14
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