Total agree with that RTN, I envisage we will offer Lind a 30% premium on the balance due in return for deferred repayment until CORE deal is finalised, and that will be that, everything will continue as planed.
Two fold, prevents the muted Phoenix scenario or worse case scenarios as other have suggested (thanks Oma something I had not heard of before)
Secondly forces all to vote for the CORE deal as voting against it would cause us to default on the renegotiated deal with Lind.
Thus Abraham can rest assured they have the majority of PI votes at the upcoming EGM to ratify the core deal.
You know I think you're deliberately trying to mislead people but let's just say I'm wrong tonight...your post earlier was almost balanced ;) The RNS changed nothing, if the request hadn't happened already, it was always going to happen, and we can disagree on the outcome, but I think you'd probably agree the most likely one is Lind accept X premium from the CORE funding when it's approved for the delay. That's the lowest risk easiest win for them. Anything else would be very prolonged and nowhere near as profitable. Bonsoir :p
You are right Bounty RIG have done a great job with not much reward for effort and I like the way you put it and I don't think you are far off the mark by saying "putting up with so many crying babies for so long :)" Well done and thank you to all the hard workers behind the scenes at RIG.
I don't think its their intention...they want to restrict themselves to a communication conduit...this has been reiterated on several occasions....everyone is free to take their own individual action...this seems reasonable also as representatives are volunteers like any other PIs....also its seems those who formed the group initially may have moved on...comparing RIG with BHR group, I would say hastily arranged BHR action group acted much swiftly and decisively. But then two groups were formed with different objectives.
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