we all know that HGO received cash from STO for 19.99% stake, that was a gurantee of all the upside for HGO if STO moves to a takeover and 50% if someone else does within 18 mts which is due Dec this year.
what's the downside if sto decide to take esg after that 18 mths period?
the obvious this is they don't have to pay anything to hgo.
advise?
$1.6 billion offtake agreement, page-41
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