RE:RE:USCG expiry Sunday morning coffee thoughts
Now put yourself in the shoes of USCG. Would they take on this task, commiting time and staff (who need to be paid during this whole time) without the real possibility of finding a suitor for LME , and risk leaving empty handed?
It's probably the case that USCG did their own due diligence to see if it was worth their time and resources. Think of it like a real estate agent approached by someone wanting to sell properties. A good agent will assess the properties and only put in the effort to find buyers if their is a greater likelihood of finding a deal based on the quality of the asset, market conditions, willingness of the seller to negotiate, etc.
We know that LME is up for sale. It's now up to USCG to find us a buyer at the right price. Like I said before, deals in the hundreds of millions/billions take time to negotiate and don't necessarily follow the timelines provided here before.