I've got a good gut feeling too Steini
I think the main thing now is to be patient. It's not too late for Bhushan to show their worth here and present a better deal. If they can commit to a placement in tranches per a time line and look after option holders by some sort of extension/re-issue then i think they will get shareholder support. Would also be good if they appointed a coal expert as MD or put on board to show they are serious about taking the projects through development stage
To stay with bwn through current market turmoil says a lot about their support for the company especially when it's hard to get hold of credit
Having said that, if the deal is unchanged and they havnt taken shareholders' concerns on board then it could go terribly against bhushan and may get messy
Wouldn't be too long i imagine before we hear some news
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