Normal
It’s a big loss of face for the Thai government and the cost will be approximately 30% more then if they had settled for an early agreement on the matter when the Thai baht was languishing just over 18 baht to the Oz dollar eighteen months ago compared to 24.2 now.The loss of face will mean the government will possibly not support the continuation under Kingsgate, the best result will be a listing on the SET with ownership drifting eventually into Thai hands.Hopefully no further delays..
It’s a big loss of face for the Thai government and the cost will be approximately 30% more then if they had settled for an early agreement on the matter when the Thai baht was languishing just over 18 baht to the Oz dollar eighteen months ago compared to 24.2 now.
The loss of face will mean the government will possibly not support the continuation under Kingsgate, the best result will be a listing on the SET with ownership drifting eventually into Thai hands.
Hopefully no further delays..
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