And what I find most disappointing is this:"Zenith’s equity...

And what I find most disappointing is this:

"Zenith’s equity holding in Bradda to be maintained at 15% (“Top-up Right”) at no cost to Zenith until the earlier of a 24 month period or upon the
completion of an initial public offering of shares in Bradda on a public secutities exchange"

As per Speculator101s point, that could be worth significant value but it seems highly likely that Bradda will simply run an IPO after the 2 years is up. How the hell did ZNC not negotiate a better deal considering they have the tenments and the Bradda deal was about to be void?