RE: RNS - 1st deal approved!12 Jan 2023 09:34
I am intrigued of the purpose of the "long stop date". Normally in a contract a LSD denotes the end of some kind of liability or when a grace period ends denoting the start of a liability.
Here, it is not apparent what happens on March 31 (the LSD) and the CPS are still not met? It is implicit that the ...(well, I will not say it...) but to extend it obviously requires the consent of both parties.
Everything hangs on the CPs being met by 31 March. It seems to me Mr. Market still is not convinced (they have seen it all before).
But, keep the faith, trust in this Team and I agree, at that point, AET will likely see a very handsome return.
GLA