very disappointing, page-21

nervous

Assuming the upgrade does appear before the scheme meeting (and I think it would be a legal nightmare if it didn't), what would the purchase metric be? ATM they're talking 50/GJ 3P so a doubling of 3P would mean an offer at 25c/GJ needing to be deemed fair and reasonable by the Independent Expert. Would the IE make a positive recommendation on that basis? I don't believe there's anything that would stop STO increasing, or otherwise varying their offer any time before the scheme meeting.

TR