Hey Scarps.....I have been giving your comment below some thought......
“I am mindful Roche is in Dathcom is my point, so FID has to be for Dathcom itself, and at this stage I haven't cited anything on this forum or on the net itself on how Dathcom actually operates in decision making.”
I agree that FID is a Dathcom decision. My view is that the JV should operate similar to most mineral or O&G JV’s.......whereby there is the hierarchy and the largest JV shareholder assumes Operatorship of the Venture and makes the decisions on behalf of all of the JV partners......which would include FID and cash calls for contributions of relevant working interests.
It’s the only way I can see that such a JV would work without getting bogged down in democracy.
All imo.
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