Errr....excuse my ignorance as a rookie trader...but "1st right of refusal"....in my eyes, it means SDL has the 1st right to build the infrastructure, however, if another consortium/company has the moola and resources to build the infrastructure and SDL don't, then SDL will lose their right under "1st right of refusal"...
In simple terms...when Person 2 puts an offer on the table and Person 1 cannot "match or better" the offer, Person 1 loses the 1st right of refusal...
Anyone care to confirm or correct me?
run for the hills afferro, page-35
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