GREY:NMKEF - Post by User
Comment by
mick1888on Aug 17, 2020 5:15pm
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Post# 31419904
RE:RE:RE:RE:not the moment to scorn nmx shareholders
RE:RE:RE:RE:not the moment to scorn nmx shareholdersWrong Tfunds.... ;-)
The bid wins, then negotiates with the creditor on payment terms or equity (based on the sum allocated in their bid). As far as partners are concerned, there will be negotiations with people like IQ (who were not bidders) on how they can participate with their 2-300m (equity / loan / interest rate etc), or for example Softbank (acceptable share price offer / participate with further share purchase). No simple task to close this out, it took NMX years and they still mucked it up so a few weeks here to get it right is good in my book.
The simple solution would have been to purchase and dump everyone, that being the case we would have known almost immediately. That is obviously not the case.... ;-)
GLTA longs
TFSAfunds wrote: mick... how would negotiating with creditors/partners be possible at this stage? The bidders knew everything when they submitted their bids and how at this stage can they re-start negotiations? I do NOT believe that is how the process works...
mick1888 wrote: or is it because the winning bid is negotiating with creditors (Orion et al) and partners (Governement / Hydro / Softbank etc). No mean task to bring this all together, and if Softbank / IQ are included in these discussions it also means the rest of us retail will be in on the deal.... ;-)
The longer it takes, the better for all concerned. It means all the t's are crossed and i's dotted for a successful properly financed project. And we are not being discarded at a whim (or it would have been announced before now).... ;-)
GLTA longs
bigkagan wrote: why are they wating until the last minute to announce the results - is it because they want to say "we did all we could for the shareholders but failed"?