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04/06/22
09:28
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Originally posted by Davy Boy:
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Working interest is the amount of the lease a particular company owns. The amount they pay for based on the % they own. Jin are claiming via arbitration that they have bought a 15% shareholding in Dathcom....I have no clue what % working interest Dathcom have in Manono but lets say its 20% just for example. IF Jin are a shareholder in Dathcom...., now own 15% of the 20% Wi via their shareholding in Dathcom so around 3% of the working interest could be the beneficial interest to Jin IF they are a shareholder in Dathcom This is why I do not understand the AVZ arbitration announcement. They talk about a 15% shareholding in Dathcom by Jin and then talk about the 15% interest being transferred to Jin. They are 2 completely different things IMO. I think this is lost on the AVZ threads. Jin are only going to arbitration saying they are a 15% shareholder in Dathcom not that they own 15% of the lease.
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I thought dathcom own 100% of Manono (in regards to the leases with the lithium)? Dathcom current structure (25% comminiere and 75% Avz). Zijin are claiming comminiere sold them a 15% stake/shareholding in dathcom and therefore a 15% stake in the project/manono? what am I misunderstanding?