RE: My takeaways...15 Nov 2024 11:18
Genghis
I think the short answer is Orion. OK, they might already have more skin in the game than anyone, post restructuring, and I'm not suggesting they might be interested in buying more, but with an $8bn player on our side, looking for a 20% premium to exercise their CLN, I think they might have some interest in getting the float away successfully.
It's not what you know...
As you say, they state it confidently enough to make you think it's supported by someone, as these usually state some sort of underwriter and they haven't.
As ever, just my opinion.