From this court case we might surmise that a party offered vendor considerably more for the tenements even in IPO phase, enough for him to try renege on the deal? If true, and it seems so, it suggests that tenements were a) bought super cheap, and b) are desirable to others.
Kudos to the advisory and deal makers for attaining terms so favourable for holders.
IPO - Tao Commodities Ltd, page-127
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