A very HNY28 Dec 2019 14:34
Indeed , the RNS went further than my implied contract.
By stating that WSG/ Scan have been appointed means that there has been an offer and acceptance of such an appointment- ergo a contract. The final terms are dependent upon the subject matter of the contract - location definition, rate etc which are in themselves dependent upon the outcome of MPS / GPHA negotiations as to the final format the 35yr concession will take. These nuances may seem minor but they aren’t. It’s double or triple your cash if you understand and spot it. You have a company with a stonking second multi- year MSC that is , as the RNS says a formality, and with no value attributable SP wise .
Did you see VRP yesterday? Doldrums and then suddenly peeps think, kin’ell, it’s got really great prospects. We we don’t have prospects- we have the contract. Yep, the “market” has got this totally wrong.
Yours faithfully
Some one who knows what they are talking about.