Okay so now we know. 1. Luso has got mining approval...

Okay so now we know.
1. Luso has got mining approval applications in
2. Govt has said it is technical not sovereign

We dont know but assume
3. Argument is over contract. NLI saying completed Phase 4 drilling (wondered why they went phase 4) which seems to trigger NLI right to purchase 100% the tenements.
4. Luso perimeter drilling to upsize field to claim back some % rights. I wouldnt think any point on infill.
3. Didn’t @cuica77 have a Copy of the Portuguese Contract? I cant find it.
5. @Big Berg mentions it is a farm-out but NLI do not have to state. Makes sense if their intent was to go full 100% when they could have locked Luso into say 15% earn-in (which about norm I have read. SAV went 0% but bought 75% of Slipstream.) by announcing to market.

Having 1 & 2 firmly entrenched is great news however.

Sonic