This should have been done god knows how long ago and now looks whats happened. I just dont understand that if there is a buyer then why have they not bought it and got it secured. Can anybody think of a similar asset sale of takeover like this one ever.
RE: AA Rumours from the Lachlan Fold27 Feb 2022 15:40
I think the sp would have plummeted if the 2 million was in serious doubt. Honestly think we've held up really well and only externals have affected us. Still confident, my biggest holding.
So where are we at. 1,No communication yet between ncr and ggp yet. 2. Figures in and close so still talking. 3. Deal agreed in principle. 4. Miles apart so going to independent valuation.
I think Colin has gone to aa and said we've got 2mtn + we've got 2 more phorphys. Here's the drill results for you, he did say jorcs are not a thing hes bothered about.
There was a lot of hurdles still to jump for us to get maximum value. We may have to settle for a bit less if we cant get jorcs / licences sorted and just want this done.
If it was me buying or selling I'd be looking to get things done asap especially if its a Russian buyer. We may lose a few hundred million but its better to get this done.