Member Info for TheGreedyFoodie

Like a few here, I think that this is actually positive for MPL. It appears that MPL is not the party who initiated the adjournment, as they would have otherwise stated in the RNS the reason(s) for doing so. There will be a number of possibilities for Adani to push this back; but I feel a likely scenario is that they are in the process of negotiating a settlement and anticipated that it would have concluded in the last couple of days, but didn’t, so they probably requested more time, so MPL has no choice but to inform the public of the delay. And, as mentioned, to not prejudice a settlement negotiation, the RNS obviously couldn’t mention anything of that sort, instead it suggested that Adani had initiated the postponement but looking to get it rescheduled (if it was an administrative/resource delay, I imagine a date of the new hearing would have been provided).

Obviously, this is a narrative I’m choosing to believe and I have no experience whether common legal proceedings elsewhere in the world are similar to those in India. DYOR GLA.

“No lawyer could ever be as stupid as you” LOL

It keeps getting halted lol

Ah thanks. Didn’t realise that. I’m getting around 4p as well after including that. If the SP for WSHP continues to rise (which seems likely) then this will go bonkers (e.g $50 will give a fair value of 9p!)

Sorry, new to this share. I did some very rough calculations to understand the link between the two. So c. $5 per share for WSHP will equate to a fair value of roughly 1p for WCAP. Since the price now is roughly $27 per share for WSHP (pre market open), this gives a fair value of roughly 6p????