Yes ICN would have an exclusive right of supply, but the first and toughest hurdle is negotiating the binding sales contract before Aug 31st.Knowing Ray James's habit of procrastination and ICN's lack of skilled negotiators , this will be a real test.They can overcome this by teaming up with another established CBM player.Depending on ICN's reserves progress , Sinogas may be happy to extend that date.
The buyer doesnt technically have an option as such but can use the circumstances to that effect by not reaching agreement by the Aug deadline.
I am not overwhelmingly saying this is the best investment I have seen but the chances of getting over the line are reasonable and if they pull it off then we are looking at a multi bagger.
Risky....yes.Big rewards....yes.Not for the faint hearted.
Occam
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