"wanna know whats gonna happen to our share price when we get stuck with a partial deal with kepco or some other bidder? Just watch axo today, they signed on for a similar type of deal...test case."
gizmo
The AXO agreement is NOT even remotely similar to the leaked Kepco proposal. It is simply an agreement for MCC to propvide EPC services to construct the plant and source debt finance. NO equity stake or offtake agreement.
Also, the EPC estimate of A$1.8b is quiet large compared with AXO market cap of only A$56m - might struggle under the debt unless massive dilution takes place - totally different to the EXT situation.
EXT Price at posting:
$7.11 Sentiment: LT Buy Disclosure: Held
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