RE: RNS in the morning ?12 May 2021 21:46
I think we had/have a big buyer on board for the 'old' assets and Rosgeo (new assets) ongoing in the background. When Rosgeo landed, they said they wanted them too, or no deal; then you'll have a drop in price and dilution. BoD called their bluff, said we can go it alone if needed (ramp up WK, raise cash).
Old assets sold, new assets kept. Money to bring new assets into production, pay everyone off, pay a divi.
Free ride (and money in your account?) for those staying to be part of a new "globally significant player".
What's not to like?
Well played.