They are now clearly talking about their pre-emption right with respect to the JV asset - the 35%. They did not mention the T&C of the sale of shares in the holding company this time. This subtle language change is a positive thing IMO.
As recently as the annual report they were still talking about not getting the same terms and conditions as the purchaser that bought a company - COP Senegal B.V. The Holding company sale T&Cs are not something that JV partners have rights to. It all points to improved and more precise language regarding PE, which is a very positive thing.
If COP did not provide a clear valuation and fully explained valuation method in this change of control event then FAR might have something. COP think they complied, FAR keep their finger off the arbitration button for another qtr but have refined their language.
FAR Price at posting:
8.2¢ Sentiment: None Disclosure: Not Held
(20min delay)