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17/01/18
20:43
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Originally posted by BLUTO
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Can anyone confirm this? My understanding is that when SDL winds up Gennadiy Bogolyubov & Noble can claim a portion of SDL's leases as they would of had a lien over the leases as a condition of funding, however Hanlong would just rate along side all the Mom & Dad investors and will receive nothing.
Two things Im not sure of, has Hanlong leant any other money to SDL that could give them a claim and if the date passes and we relinquish the leases, do those leases still exist as such to be transferred??
Thanks SDLers
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Bluto
"SDL winds up Gennadiy Bogolyubov & Noble can claim a portion of SDL's leases"
How much is SDL's lease worth, is the question in that case.
The lease in Cameroon would be worth naff all.
The one in the Republic of Congo would be worth heaps more.
That's where the high purity IO is.
Keep an eye on the ROC leases when SDL goes balls up in Cameroon.