Business deals are different, everything goes by formal agreement and stuff. Recently, PASO said the discussions are in an ongoing state, a simple english, meaning nothing is final yet.
If things are not final, would you do something your other partner tells you to do, in this case increasing o/s share by 400m from the last count, which is almost 50% increase over the previous 750m o/s.
It changes the control equation for CLX as well. I don't believe for a second that PASO is listening to CLX or JG before signing DA.
Remember, CLX asked for extension, not by PASO. PASO was always willing to close it on Jul 15, it was CLX who deferred the DD, not PASO.
So if anyone is to blame for is JG and CLX, not PASO.
I am not saying RM is not gonna happen but like BBW said, it is rare that o/s share increase before a formal signed DA (that so over 400m, not a small amount), no matter what.
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