The SMS guarantee and increase in holdings; and KFW mandate may have been put at risks if the company was perceived to be in trouble if the Chairperson was sacked. I'm not convinced it was RTs capabilities/influence that was required but the significance of having someone in the Chairperson role was a key element. The Vimson deal came at an opportune time for the board and Vimson to keep RT on the seat and Vimson to capitalise being in the right place at the right time. I don't see how selling off take to Vimson who will expect to buy it at a discount could be good for SHs. Hence why no announcement have been made to date because they are still working through a deal that is commercially viable for both parties. I'm convinced the Vimson deal will be swept under the carpet, a play on words will be used to achieve this outcome. anyway bye bye RT it's been great to finally get rid of you!!!
TNG Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
