PE Preliminaries, page-19

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10/03/19

17:06

Post #: 37713253
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Originally posted by FSM8 ↑

This thread is a joke, we have no idea what the PE argument is yet there multiple opinions floating around but no but no one actually has official answers... only made up HC opinions.

1) Information wasn't provided that should have been?
2) FAR was seeking additional information about the deal related to PE terms?
3) FAR thinks they have the right to see additional information about the deal but unrelated to PE terms?
4) FAR thinks they have the right to see additional information about how the price for PE was calculated but is not related to PE?
5) The notice was incorrectly worded
6) A request for further information should reset the PE clock rather than just provide clarity within existing timeframes
7) The PE should have been under the same terms as WPL
8) The PE should have been under different terms as WPL

And people could probably list more.

What is unclear but people here claim knowledge of is:
1) what is the Senegal's government view? there is no official statement form anyone on the record of what the government thinks
2) which party is slowing down the PE process, is it FAR, COP, WPL or the courts?

When it comes to the legal arguments
1) was there a deliberate attempt to deny PE rights
1a) did this contrivance the agreements / laws
1b) was the deal and JOA structured in a way that this was a legitimate legal avenue for WPL/COP?
2) is FAR just being opportunistic?
2a) is this due to legitimate crossing of the JV rules
2b) is this due to poorly worded JV agreement?
3) is FAR's argument about the intent of the clauses or about the wording of the clauses?
4) are there different clauses which contradict the clauses that FAR is basing it's argument on?
5) are there laws that rule differently to the JV document which allow certain information to remain confidential? is the argument around this?
6) is the case clear cut - has one side clearly interpreted the rules wrong going both against he wording and intent of the clauses? or have both sides got valid arguments that they are following?

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Good on you M8, that's cleared all the misconception up nicely.

FAR Price at posting: 5.9¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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PE Preliminaries, page-19

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