RE: now for sale2 May 2015 10:08
I can't decide what I think will happen, I think that the failiure of the deal was probably largely priced in so I don't see a huge fall at this point. They have attractive assets but do not appear to be in a position to play hardball given their current situation, As previously discussed repayment of the Sinohan monies is only required on written request, it could be that they convert the loan into an equity stake in exchange, this is not nescessarily an attractive option for us depending on the conversion price but it would preserve cash.
There are companies with long histories and good relationships in Kazakhstan (Total, CNPC etc) who are also partnering with us in Tajikistan and who I am sure will be interested in the assets and would be able to get things moving quicker than Tetheys. I am also convinced that there would be serious interest in farming into the Tajik assets by numerous parties.
All IMHO