RE: Deal ?2 Sep 2021 14:09
I believe @Shorn’s post is worth re-stating (as someone with experience in these kind of transactions):
“ Let's also not forget that we have had continued "radio silence" - a clear indicator even out of EA period that discussions must be ongoing. But i totally agree with points 1-5, particularly given the timing of the elections with respect to impending drill results, i would wait wouldn't you (if you were AAL) before signing ??
The "non"-legal issue (4) for me is something that would be covered off through DD (disclosures & warranties), as with anything else that comes up that has any legal credibility, (which the latest hasn't in my view). BUT to repeat even if it has any legs IT WOULD BE COVERED OFF WITH A WARRANTY. £14m Vs Sale or JV value, is a drop in the ocean - move on pleeeese.
IMO ATB Shorn”
Anything else is purely hot air.