Grangex: Unchanged positive assessment

As expected, we will have to wait for more news about a breakthrough in the negotiations on the crucial financing package. It is often said that no news is good news, but processes of this kind are a bit like riding a bicycle; you have to keep moving forward to avoid falling over, so it is important that a minor delay does not turn into a stand-still. However, it is not surprising that delays occur when many parties are involved and the issues are complex.

At the same time, the situation is frustrating for an outside observer when time passes and no major news emerges. However, the negotiations are obviously shrouded in secrecy, and nothing is final until everything is final.

Overall, we currently see no reason to consider the risk in the project or the share to be higher now than before, and the potential remains high even from the current level, so we continue to view the risk/reward ratio as positive.