I think we are probably talking about the amended agreement with CMP as indicated in a previous announcement in 2016, hence the lower amount of money to get to 51% ownership (26M$ instead of min. 80M$). Still, 26M$ would be a huge win for the company being cashed up and we would still own 49%.
"Update on Hot Chili and CMP’s Next Steps at Productora
The Company is also pleased to confirm that Hot Chili and CMP are now focused on agreeing proposed amendments which may be incorporated into the existing CMP Option Agreement to ensure a sustainable long-term agreement between both companies.
Once this process is complete and Board approved by both companies, Hot Chili intends to announce any amendments to the existing CMP Option Agreement and seek shareholder approvals. Any amendments will be conditional upon Hot Chili obtaining necessary shareholder approvals."
I think we are probably talking about the amended agreement with...
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