You know Massey Ferguson use to go on about the calendon option and I use to yawn...but maybe he had something...
As if they are really under no pressure to convert the option in terms of timeframes, it could be a masterstroke in a couple of years with decent production figures (and significantly higher sp but with ORD able to buy 10% at cost of acquisition).
But sp not going to do much for long term plays like calendon option which appears to me more of that ilk
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