Ann: Tiger signs binding agreement to divest DRC operations, page-108

Yes, I guess my point is that, given Chinese companies' collective payment histories... maybe this deal is not even as good as the bad deal it sounds like!

Everyone's calculations make no allowances for nonpayments of royalties, which given there'll most likely be ChinaChina trade here are actually unlikely IMHO.

Take your pick:
Chinese gov't blocks currency movement for this instance (common)
The purchasers do a side agreement for other products/services that ties into the Cu purchases which means price as reported is below royalty threshold. (common)
Cu price drops.
Cobalt mining isn't reported for YEARS.
TGS delists prior to Royalty completion.

I'd much prefer a deal that leaves either a) part holding remaining, witha reputable company or b) the complete sale everyone has been referring to.

My choice ... would be the partnership agreement with a major that will replace this board with people who know how to develop a mine and handle rascal sovereigns.