licence negotiations, page-60

Daning, I think Boz2112 is correct, Vitol is a big 'suck and see-er'. I think the Vitol deal will only be 'completed' after the IC negotiations are complete and *if* Vitol like the new terms. Then I also suspect their spend is also a bit of 'suck and see' and they may only contribute after they get a further exploration result that they like? Did anyone manage to clear this ambiguity up yet? I forget. The language is open to interpretation, and given, it seems, the RIA board appear to be a little surprised that Petroci didn't actually have to make their payment yet, maybe these guys are easy to run rings around with technical terms in contracts?

If however the licence is not re-awarded, or Vitol refuses to 'close the deal' due to licence conditions, then obviously their equity in RIA will be for immediate sale. But maybe we dont need to worry about that if reports the company will be wound up on such an event are correct. I wonder if they will suspend the trading permanently and immediately on a negative decision as per above given there would be no future for the company or whether they would let it continue to trade?