Okay, thanks IG. That's exactly what I'm looking for from the more experienced posters, such as you. If anyone has any examples of buyouts under similar conditions, where a PSA had to be extended as well, that would be great information for the board.
PS: I don't think it would make any difference to the chances of a buy out. A buy out would simply take into account our remaining licence period when deciding the value. And at the same time negotiate an extension with the Georgian Gov. For example if BP wanted to buy Block12 , there would be a complex negotiation between us and GG whereby we'd be paid off with a big wad of green and then BP would take on our PSA (or more likely a totally renegotiated longer PSA). Let's hope that this negotiating is wrapped up soon. I'm getting impatient ;-) IG
I can't think or could find anything which makes it unlikely, and by not mentioning the conversion price and not breaking the rules mean it's already there in the open, i.e. Market already knows th conversion price....
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