RE: 7p proving a tough nut to crack...22 May 2018 13:26
Getting the Financial Model signed off by NCCL and GE-CMEC, based on the numbers they have inputted/derived, means they want to go ahead with the deal. The only thing standing between that and Financial close is Tariff approval. NCCL have the necessary milestone of Binding JDA sign-off for July but this is more than suggested as done deal by financial model sign-off, when that comes.
In my opinion, Financial Model sign-off leaves only the Tariff. Once Tariff is agreed, in my view, Financial Close is nailed on (binding JDA will be a breeze).
With so few shares in free float, this will snap very soon. After my contact with the company, I am more confident than I was before. But DYOR and all that,
Good luck folks!