RE: Proactive interview28 Apr 2022 13:43
For my two cents from a hard nose commercial perspective, what commercial monetary incentive is there to complete the 5% deal quick rather than a prolonged arbitration route? It might make life a little more complex in agreeing the external financing because there would be know unknowns to go into the equation from a lenders perspective. However time is our friend as we have seen from last night results and frankly will remain so given we are open on multiple planes and the drills are working 24/7. The longer the time, the larger the known resource surely and the larger the cost of 5% will be to NCM. So from my perspective SD is in a great position and time is just putting better cards in his hands. I appreciate that doesn't help the SP as this will be one of those catalysts but I can't help but feel we are going to be well rewarded for the wait.
ATB