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To PE or not to PE, page-49

  1. 742 Posts.
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    I don't know about Coleridge but it seems to me that we are as follows -

    !. WPL say we have bt. 35 % of the JV - so register that please.
    2 . Authority says - not so fast because FAR dispute the sale - and in any case Senegal Govt. must approve.
    3. WPL carry on as if sale is done & pay sale money to COP.
    4. FAR lawyers lodge their objection to sale with right people.
    6. COP happy - they have their money. WPL very nervous - this is costing them money. FAR happy - time on their side big tm

    Eventually sale not approved so WPL pay back money to COP who remain JV partner ?
 
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