"I asked Stephen about this, too. He replied: "The breach in the JV agreement is that our lenders have our mineral assets as collateral. There was some confusion as to whether this claim included GOG's 50% interest. We are working with the lenders to sort it out. And they have told us that it would be no problem to sort it out."

Ouch. This seems to me a source of confusion for beginners, not for professionals.