RE: A Whiff of1 Jun 2019 16:58
DW would not have used "indicative offer" in that last ANN if it was not fact, if we have reached that stage then negotiations are serious and progressing, perhaps we are just tying up loose ends such as receipt of final offer on Yukon lease 393872 or how the FCS Advisor Loan is handled or even Bex involvement, I have no idea! I will admit to some nerves as to the outcome :-)
Stay appy everyone.
"In order for the seller to vet the likelihood and ability of the buyer to close the deal, an indicative offer should outline the buyer's plan for funding the transaction. Keep in mind that even after the indicative offer is signed, it remains a non-binding framework. In other words, nothing is agreed and there is still a significant amount of work to be completed before closing the deal. Until the purchase agreement is signed, additional information about the organization may be discovered, especially during the due diligence process, which might impact the terms of the initial indicative offer. The value of the target and structure of the transaction may be renegotiated or the deal may fall apart if negative information is uncovered during this due diligence process following the indicative offer."