exclusivity agreement13 Oct 2015 20:29
For the sale of the Kyrgyzstan asset makes for interesting reading. OSU had the right to terminate the agreement in Sept, but didn't exercise this option. The suitor has the right to walk away any time up to the expiry date of the agreement on 31 Dec this year but so far has also not exercised this option. That suggests that things are going well or at least that both parties are sufficiently satisfied with each other to continue with the sale/purchase process.
Needless to say any whiff of a deal here which would be worth approx £3m to OSU would immediately cause an sp rerate. The company is already trading at less than cash.