this isn’t new information. Everyone understands that CATH is acquiring its stake indirectly through GLH, that's been clear from day one. The key point is that when the deal is finalised, CATH will still effectively own 30.5% of Manono. Whether that’s held through GLH or directly in Dathcom doesn’t change the end result.
Your point that avz maintains majority control of GLH, thus controls the 75% stake in Dathcom is understood, but that’s got nothing to do with each parties return on a TO, if that took place after the ML is reinstated.
Anyway, the hypothetical scenario of a TO is long shot, DRC have never reinstated a ML before, is AVZ going to be the first? If the DRC refuse to budge on the ML and a settlement was reached to drop the litigation then this CATH deal probably wouldn't apply. The whole 260million and 30.5% equity is conditional to obtaining the ML and a bunch of other things. If that doesn’t happen and AVZ gets paid out to disappear, I’d assume CATH wouldn’t be entitled to any of the proceeds, just their money back from the loan with interest. This has happened before in the DRC, I hope it happens again.
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