RE: Closing price29 Jan 2021 08:47
Seasick - the RNS 2 weeks ago work is continuing to convert non-binding offer to binding offers. There is a chance buyers have put binding offers forward by now IF the DFS was the gating factor for this.
The reason they haven’t been announced yet could be the BoD are waiting until they’re all in, or they could already have all the binding offers and are weighing up their options.
If you were buying a house and the estate agent said Sealed bids, the highest bidder wins then you would want to get your offer in first I’d imagine? You’re not going to kick the can for weeks, I’d want to be first in to know where I stand.
This sales process is costing the buyer(s) money in salaries, legal fees, travel, geologists and some of them if unsuccessful won’t get it back. I don’t think this is being dragged out on purpose, nobody would benefit except the legal teams but I do agree we should be told in the coming weeks a ballpark figure so shareholder know where we stand. If you believe in the BoD and assets we have no option but to remain patient.