cruiser51
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I believe the transfer to GLH and AVZI was mentioned somewhere in the Datcom JV agreement, It pissed certain people in the DRC off, but the real meaning of it escaped them. It totally confused the green dragon.Haha it was right there on page 1 of the announcement the whole time
I wonder how they got around the FROR for Cominiere then
Perhaps there is a loophole in the Dathcom JVA for transfers between controlled entities of the ultimate parent company
And it seeems odd that AVZI would need to be in the arbitrations initiated after this transfer occured but it's probably due to them being the holder of the Datchom rights at the time that the various disputes occured
But it is clear that it is AVZ - AVZI - GLH - Dathcom well spotted Cruiser
Sometime reasons for reorganisations shouldn't be completely explained.
Funny thing I believe the change to GLH as being the Dathcom holding company occurred on the Calendar after the previous mentioned FAR vs WDS case and opened some people eyes a little.
Moral of the story was, If you are dealing with a ROFR and your JV partner holds a tenement in a subsidiary company, legally your FROF is not worth the paper it is written on.
All IMO of course.