RE: Best to all14 Jul 2018 16:48
Why would they walk? It takes time to try and make a deal, they still maybe within their heavy DD period, we simply don’t know. They could be a lot of positives but also a lot of negatives, it’s speculation. They wouldn’t walk away within two months, they simply wouldn’t have had the time to either continue DD, or broker a deal in that period, and let’s not forget silence on environmental Permit still which will be a key driver. Good or bad, imo will be heard between month 5-6. I have been involved in many transactions like this personally and believe me 3 months is near on impossible to fully complete DD or any terms (which may or may not be accepted by either party). The major hold many cards as they know BPC do not have the funds to go it alone. As for other “majors” again we don’t know if they walked after their own DD and the current major is the only one that felt they could see something to work with. We simply do not know. Other may have walked after their own DD failed. Now I’m not saying I am not massively positive about BPC because I am, and I do personally think we will get a deal of some sort on the table (accepted or not is another thing), but so many people are totally blinkered with ramping this and it hurts new investors looking it, which in terms hurts us. Balance of facts, and opinions always welcomed. Have a good weekend all