RE: Posted on lse2 Mar 2018 14:23
I suspect the unforeseen news could possibly be the partners wanting more than the 60% outlined in the NBO, in fact perhaps they want the lot. Rest assured if this news of a 'closed period' is true then we should be very happy.
GE and CMEC walking away from a NBO would not be deemed as unforeseen (the agreement was and still is non-binding), therefore it would't meet the criteria to enter a 'closed period'.
If the news was bad Liberium would of made NCCL release the details to the market by now. Just look back on the SEP debacle , shareholder loan facility, the lack of company financing - all were report quickly and honestly to the market. Liberium don't allow skeletons to stay in the closet for long.
The penny will drop here eventually