Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Good points guys. If the operator is playing hardball (big if) within reason I think Orca will have little choice to agree. It’s their prime asset and they would have to relinquish it. Hopefully any ground given (if) is inconsequential in the greater scheme of things. I truly believe that if the operator didn’t want this deal we would have heard.
A close family member of mine works in the legal profession. One of the areas covered being acquisitions. Many of the deals go to the wire as a result of small changes in the agreements which have to go back to the legal team re-written and reissued. Often small but important details aren’t spotted until late in the day. Hopefully this is the case here.
A close family member of mine works in the legal profession. One of the areas covered being acquisitions. Many of the deals go to the wire as a result of small changes in the agreements which have to go back to the legal team re-written and reissued. Often small but important details aren’t spotted until late in the day. Hopefully this is the case here.
I think Orca will do the decent thing. If the license authority has not given an extension they let us know on Monday. I will buy some more as I am confident the deal will go through as the partner would have bailed by now. Just paperwork hiatus all good.
Deals often overrun par for the course in business. Just imagine if us holders had been faced with an RNS saying the deal was off. Also in the licensing authorities interest to give extension otherwise it’s back to the drawing board for them and a considerable delay and a shedload of extra work for the sake of a week,