Can't see any action of bad faith there. See below announcement (01/03/21). They also had a shareholder meeting on the 11th February.
"It should be noted that under Chilean company regulation, as the 70% controlling shareholder of the JV Company, Tesoro has full control over board and shareholder decisions at the JV Company level, including determining the amount and timing of any calls for capital contributions by shareholders in the JV Company.
If a shareholder does not subscribe for additional shares via a capital contribution any other shareholder can subscribe for the shares. In respect of the approved capital call, if the minority shareholder does not subscribe for shares as part of the approved capital increase, Tesoro Mining Chile will subscribe for the shares and increase its ownership to 170 shares of 200 shares on issue in the JV Company (ie, an 85% ownership interest).
Termination of the Purchase Option Agreement including the earn-in arrangement is effective February 26, 2021."
TSO Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
