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**from** not form - typo, apologies!
Re: Flanks approval,
I'm sure most of you will have taken note of the final 'gift' form the BOD in the Typil RNS earlier this week...
Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased with the permitting progress achieved across all of our projects. Further announcements will be made as appropriate".
I'm happy with that as a nod and a wink to us all :-)
Good luck all!
That sounds like a great idea Wolster. I for one will be happy when this is over although I will miss a few. On a side note Wolster, you said that you don't comment on decent posts but you did earlier, I hope you aren't going to dynamite the rail tracks on that one. Nice to see you have insight Wolster and are a fully fledged human being. My regards.
As usual - quite likely - 95% of my portfolio - riding high atm - could do with the end - ignore lse forums - relax - chill out.
Wolster haha,
So it boils down to the fact that you should not have bought so many EUA shares.. :-)
Only joking and you know that, .. you can never have too many EUA shares as Anders would say... And me.
No, I was only throwing in my two penneth on the large brown envelope theory.
Do have a good evening and a large cool drink is in the order I feel.
All the best.
Ian I dont think its a question of awarding to another company - more like stretching the timeline for the award - during this timeline NN have the competitive advantage to secure the killer offer deal before the rest can muster the full bidding war action.
Its only a possible senario - clearly one bent towards my slanted nature of the world at large.
I'm not even saying at this point that the licence is even delayed, im sure we are still in normal timeframes for issuance - again maybe given how much is on the line - impatience to be done & dusted is creeping in.
Afternoon Wolster and everyone,
Not disputing the NN link to the buyout, but just applying some logic to discredit the theory that a large brown envelope with NN name on it is lurking somewhere ...
That I personally think is incorrect, if the company EUA is entitled by law to ask for the neighboring flanks and has sought this additional license, how on earth can it be awarded to another company?
surely it must be awarded to the company that sought it (EUA)?
and because this license is intrinsically valuable and material to the company share price, would have to be RNS'd immediately upon receipt?
Then when our company is worth much more the sale of the whole can be done? I'm sure in Russian small print will be some clause to the fact that what one company applies for and gains can not be forward sold on to another without it revoking back to Russia.
If EUA gains this valuable license it will multiply the company coffers and make EUA much more valuable and then command a higher buyout price..
Just my thoughts on this?
All the best.
Exactly Wolster, I think we can all agree they won't be accepting anything on a no licence basis that's for sure. DS has said from the off they will take their time with this so I have no doubt they will do just that! Do wish they could somehow fasttrack this licence approval though now we've entered this stage. It's actually quite interesting they didn't wait for approval before starting proceedings if I'm honest.
"All I'm saying is I don't think it's unusual for "conditional offers" to be made" I agree, the point I'm trying to say is only NN will put an "unconditional offer" on the table & at premium price (pre licence).
Once the licence arrives its highest bidder wins & prolly gets away from NN.
So imo the BOD carries on playing for time (or Killer NN offer) vs NN ability to hold that licence up.
All I'm saying is I don't think it's unusual for "conditional offers" to be made, the point is it's perfectly feasible that offers will be made on the basis of the licence being rubber stamped. I'm not saying your way isn't perfectly possible too, and totally understand your thinking, I just think the idea of them even wasting time listening to offers based on no licence seems counter productive when they "know" the licence will be granted is all.
Indeed Dore it is maybe there is a fat brown envelope (with NN printed on the side) plugging up the photocopier at the local authority.
ferg follow the debate a little closer.
stix40/me say NO WAY a bidder will offer a 100% without the licence in hand (who on earth would not use this weakness to reduce their offer(most posters+ the EUA sponsored report discount the end price by an amount for not holding this licence)
If you wanna say oohh they will good for you but in the real world any weakness is used to reduce the price - not having that licence is a weakness - fact.
My only counter to this fact is NN & their (for want of a better word) backhander ability with the locals.
Meaning they have a clear run at killer offer pre MT licence.
I base this on nothing but dragons den (lol) but if they're going to make an offer it's surely more likely to be along the terms of "this offer assumes the licence will be granted" and can still be accepted but obviously if the licence is then not granted for some reason the deal would be voided. I can't imagine EUA entertaining cheaper offers on the basis of no licence as they are basically 99.9% sure on the licence coming.
That's possible Wolster !
Ofc EUA are sure & the law is on their side.
However any offer pre licence will use the lack of licence to bring down the offer in one shape or form - NN being the outlyer who would maybe offer without the discount (due to their local ties) - also the last thing NN will want is a bidding war which could go beyond their means - imo they have an ace card in a killer offer now (pre flank - tho they may have inside track/influence on when the licence will be awarded).
Exactly , that's my point , but you would not spend 1,2 or 3 billion without the correct licenses , so flanks license has to be assured 100% also another possibility is , EUA have been told the date the stamp as such will be stamped ! bang in the middle of fsp ??
Sitix40. do you think that UBS and the other banks are working for free? Under Russian law the flanks are EUA's 100%
The whole sale process would not have been started if EUA were not !00% sure of the licence!