RE: RNS tomorrow?27 Jan 2021 09:58
There's got to be a schedule outlined for this sales process. Potential buyers won't have been waiting for the DFS final approval before they started crunching number, everyone has had long enough to complete DD and put finances in place. If the DFS approval was the gating factor to binding offers I would think the BoD & UBS want this done and dusted ASAP now.
Don't forget the potential buyers will also want to know whether it's theirs or not sooner rather than later so they can sort out their affairs. They have legal teams, investment banks, geologists etc engaged on their behalf as well. They won't want to pay them any longer than they have to, especially if they are unlikely to be the highest bidder.