You'd think they took this into account when scoping the raising/rights. They intimated weeks ago the AED thing would be renegotiated.. even then I thought the most likely outcome was it not being done.
Clearly NXS would have taken that into account when determining how much, when to go etc. So they wouldn't be left short you wouldn't think.
Has that whiff that they are are further progressed with a CRUX deal than they have indicated. Otherwise Viking etc wouldn't be tipping in more cash if they were back where they were in March. etc.
The other scenario is also that Sinopec wanted the LT deal to extend into CRUX etc. Wonder how that would have made Osaka Gas feel? Maybe that was the sticking point? That would again suggest CRUX is progressing.
Finally I wonder if AED/Sinopec will go hostile to get a replacement for Puffin?
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