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They haven't yet but we'll hear from them 'in the very near future'! Lol
Just Google Credibility Consulting ICSID Damages Study June 2014 and you will get the pdf. It makes sobering reading in parts but remember that many awards never get to see the light of day so the results tables are likely to be highly skewed, IMO.
Then why in Gods name would 3 arbitrators who are supposedly clued up with regard to this sort of thing rule against us?
Exactly.
We have got an asset in Uzbekistan and they have realised just how good it is after they've granted the licences and thought... 'f**k in ell, we better have that back as there's that much money to be made, stuff Oxus Gold'
Any real evidence Darwin sold these in advance? I wouldn't have thought so but WDIK!
well, another issue equity, when can we get RNS on awards lol. was planning to top up WRES and a bit late now after their RNS... OXS can still do santa rally... waiting patiently
Don't get carried away with DavidUzbek he first arrived on the scene on this board nearly five years ago told the most outrageous loud of deramping bull (he had the ear of the Uzbek president you know) that would have made Tony and Onion look more intelligent than Vlad
Darwin drawdown, and they're out
If you read some of the legal assays by Brigitte Stern, you'll see that one of the things she explains is that expropriation can be divided into legal and illegal. She argued that an expropriation sometimes stands as being illegal, but then can be magically made 'legal' again, by the fair payment of comepensation, as per contract, for the mine's original investment worth. My main wory , apart from if Oxus are going to somehow fail the "unclean hands test" somewhere along the line, is that Stern basically votes to give us back what was taken away - and that is original investment cost.. And I can't remember what that was now...Vlad?
just speed reading 2 days worth... just seen your last post...yeah figures seem about that - if past averages are to go on
We have done this to death - like we've done everything to death really.. Greedyreedy, but what makes your 30% be from $1.2Billion. If it's the lower end, it could be 30% of $500Million and then again, it might not be 30%, probably wont be... It can be anything from almost nothing (even with a supposed "win" to 100% (and in very rare cases, more) There was a link once on here (back in the archives of our millions of posts) that showed a scale from past cases - wins are anything between 10% and 80% in general..with about 20 - 30% being the average amount.
Heyho.... you can't say that! Please give dates on soon?? :D lol
Yukos were originally claiming $114 billion so were therefore awarded around 40% but a lot of previous arb winners have been nearer the 30% mark. I suppose if you take estimates of $489 - 1256 we can expect at least 160-200 to 400-500 for a "win". I would be happy with any of those. "The claimants in the three parallel arbitrations were Hulley Enterprises Limited (Cyprus), Yukos Universal Limited (Isle of Man) and Veteran Petroleum Limited (Cyprus); jointly, they held 70.5 percent of the shares in Yukos. The arbitrations were initiated under the Energy Charter Treaty (ECT) in 2005, and the claimants’ original ask was for no less than US$114 billion."
I see the $400 million figure for the minimum claim coming out again. I believe that this should be consigned to the dustbin. This number was placed in the initial arbitration deposition, as an estimate of the minimum value of the claim, right at the start of the arbitration in August 2011. Subsequent to this, Oxus brought in professional assessors who came up with new more accurate values for their claim, and which were stated in the RNS of 14th November 2012, and can be calculated to be a minimum of $489 million, and up to $1.256 billion. See this on http://online.hemscottir.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=1207201490310152&ir_client_id=4252. The minimum claim could in fact be $552 million, depending on the calculation method chosen by the arbiters, and this would correspond better with the way the Yukos claim was awarded.
I personally think that Very near future was said in conversation but without substance. The bod do not have a clue when the result will come, otherwise they would have said and given dates. I think it will be soon but how soon is soon?
Blue1 - This alleged state sponsored assassination attempt seems entirely consistent with what we have learned of Karimov's regime. I really do hope that they (the regime and by association - Karimov) are soundly beaten with a very large financial stick, courtesy of the arbitral court, who incidentally should get a bloody move on and do it! TC
Wraith, I hope you are right!!
Swedish Prosecutor Characterizes Uzbekistan as “Gangster State” http://www.eurasianet.org/node/76246
greedyreedy,... the way I read that comment (no less than US$400m),... US$400m+ is 3rd of our top end claim of US$1,200m+ approx. Soon be Xmas,... US$400m + of a possible US$1,200m + claim, would certainly put myself in festive mood. BW
So they were awarded $740 million, I had a poke about to see what they were originally after and it aint too hot if you are comparing against Oxus... "Gold Reserve has presented evidence to support its claim for restitution as last updated in its Reply dated July 29, 2011, of approximately $2.1 billion, including interest" So a 3rd of what they were originally after, compare this to RS's no less than 400 million, is this why we are stuck at 4p?
www.businesswire.com/news/home/20151123005971/en/Gold-Reserve-Reports-U.S.-District-Court-District
lets not panic....last day of November is next Monday and is still within commented assessment of "very near future" from private telephone conversations. If it comes and goes, allow leeway in run up to Xmas. If nothing by beginning of Jan 2016, then I think RS' phone will be red hot and an explanation will be sought by many. Until then just relax guys, result could be tomorrow who knows. Give the BOD some slack, the result announcement and when it happens is not something they have any direct control over, they can only give an idea of when it is expected. GLA....fully expect it to be before Xmas though (sound just like luckyman2 now) lol
We don't need an rns stating there has been a delay to "expected in 2014" whether or not we need an rns defining "the very near future" now that's a different question as for many the very near future has passed, and for many more its a week away, for others its 5 weeks away. So should we reach 2016 with no outcome, whilst never agreeing with any conspiracy theories lol, I would state categorically that "the very near future was said for obvious reasons as was the rumour of deal to sell the asset to pay up. It worked very well whether it was for that reason or not, Im sure even the most naïve would agree with that. Gla lets hope we hit 20's prior to xmas on announcement worth 37 or 43p net,
No worries mate. Just frustration here as well. Just cant see the point on having a dig at rs. If he gives an opinion then it can only be his own or one he as been advised on. Like Cam says it will arrive as and when and unless it is the arb panel saying we will wind it up byx dare then anything else is to be taken as wishfull thinking or educated guess work. Gl