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10:52
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Originally posted by utkant
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You guys do know that the deal with Gambia contains a few clauses that needs to be gone through in order to strip APCL from their licences. One of those is that they need to send a written confirmation and give a notice of why they cancel the contract with APCL. There are also clauses where APCL can pay an amount to Gambia in order to remedy the situation. If I am not wrong it is 30M USD which is in that contract.
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If what you say is correct re "There are also clauses where APCL can pay an amount to Gambia in order to remedy the situation. If I am not wrong it is 30M USD which is in that contract. Then presumably this is an easy way to get out of the issue. I wonder why Jens did not mention this in the phone hook up. The company's value has dropped well over 50% so surely this supposed get out clause would be worth widely airing to the market???
(20min delay)