Post by
geezer21 on Jul 02, 2013 11:34pm
Bendon
The fly in the ointment is Bendon. Bendon is using the shareholder agreement with Oromin to try and leverage an amount out of Teranga that Teranga will not agree with. Bendon is playing brinkmanship. If a deal is scuttled because of Bendon that means Oromin goes down with them.
The market sees this and is punishing Oromin and Teranga because they see the impass as a no win situation for everyone.
They had opportunity to reach an agreement but because they were not able to this will likely have to get settled in court.