RE: RNS before or om31/08/202231 Aug 2022 10:02
B.C........No I am not saying that, a deal may well be done. What I am saying is that any sale will not achieve the price that many are hoping for and that a) there will be no dividend as West Newton/Rathlin will need a great amount of financing shortly (tens of millions put aside) and b) a prospective buyer knows that it will be at the earliest 2024/25 before any gas comes on stream, and c) the price of gas at that future date is completely unknown, So very likely many built in contingencies with a smallish upfront partial settlement of the financial package. That is why the possible delay, but as other posters have mentioned the treatment of keeping share holders informed is abysmal. No date or compensation should have been published, and shows the amateurish style of the directors up once more.
OMO as always.