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Of course we are not party to what was signed up to in the mutual NDA 's. Usually parties interested in bidding would not be allowed to divulge any information they receive during the process. EUA are likely to have agreed not to name names nor discuss offers. What would be unusual is allowing "Business as usual" information to be withheld, particularly given that the share remains tradable! Therefore would you not expect more detail from the business regarding BAU progress such as the DFS?
I think that the SINO deal in its current form is history. I would be very surprised if at least a much better financial arrangement is offered if no sale agreed particularly given the length of time this process is taking. A sale with some retention of interest remains my preferred outcome.
Hi all,
Just to update understanding on drain responsibility. Ian you were correct with your 1937 cut off up until recently when the law changed and Water companies had to adopt all private sewers servicing more than one property. They should now not only clear blockages but also repair the sewer if damaged. If in doubt call your service provider. Also worthy to not that the last thing the service provider want is repeat blockages or flooding caused by blockages so they will want to sort it out.
If the drain only serves your house you will need to pay for it to be cleared. If there are any other houses on the same line upstream call your Water Authority and they will come and clear it for free - it is their responsibility!
Hi Ian,
Afraid I am Johnny come lately to the guessing game but here goes. £1.34 + oncoming royalties. Thanks for sharing your knowledge and keeping us entertained. All the best in getting back quickly to fill fitness.
Suts
Thanks Mac,
Definitely a RNS worth revisiting but leaves one wishing there was a little more detail on both the Sinosteel arrangement and the Lesago DD. A senior director carrying out DD who may join the board if discussions progress and then joins the company later instead! This RNS certainly raises more questions for me than answers thanks again.
Suts.
Thanks for reminding me of this RNS. I have always struggled with it's content. It refers to an RNS of the 15th Sept. 2019 that should contain details of expected business value. CITIC were engaged to deliver a value for greater than that quoted. My problem is I have never been able to find the 15th Sept. 19 document to determine what figure CITIC are trying to better ! Can anyone used light on this ?
Suts