RE: Cargill, MSC, Quadrise27 Mar 2024 11:25
Expect they stuck with the “Q1” for agreements due the fact it’s included in the fund raising documents, pretty sure there’d be some legal issues if they suddenly changed advice before closing day which may be seen as a disadvantage to those who committed earlier based on the original info.
So they have to say Q1 but know full well it’s going to spill into Q2. Given the delay from December, I doubt they have a clear view of timelines on this one. If the contracts are now with lawyers sorting through them, as they appear to be, there may be minor issues needing sorted which takes more time, and then when finally they agree, it needs fairly high level sign-off.
In reality we should expect all of April at least imo, a bonus if earlier. The key point is that it’s signed asap, thereafter we can begin the real journey.