Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Obrina Mar decision due by August 23, 2022 - expiry of the 120 days - or statement that 60 day extension invoked.
People speculate decision at the last moment so Italy cannot request a legal challenge.
Rockhopper looking for $400m. If they get anything in that region watch Ryan run for cover over Barryroe.
Worth a read as it is a precedent for Barryroe and Ryan's intransigence.
https://www.theguardian.com/business/2021/jul/25/outrage-as-italy-faces-multimillion-pound-damages-to-uk-oil-firm
It seems Ireland has already got one case in action under the ISDS arbitration with the Green Party's attempt to cancel the Canadian trade deal with the EU.
Seems this case could bring down the Government if enough Greens support it and lose their seats.
https://www.isds.bilaterals.org/?canada-trade-deal-ruling-could
"The Government’s majority in the Dáil could come under further pressure in the autumn with a Supreme Court judgment on Green Party TD Patrick Costello’s legal challenge to the EU-Canada trade deal expected soon."
Isn't politics one big bag of worms.
Wow Manmentia,
you have made your second "huge" schoolboy error/blatant lie, in only 5 days.
And when did you own declared $340 M claim become a $400 M claim ?
I say, any Rockhopper decision has no direct correlation or jurisprudence relating to any PVR Vs Ryan licencing issues.
Quoting your good self - "Per haps no-all, ps200306 is unaware that a new set of ICISD rules were published in June of this year and became active as of 1st July 2022".
Now explain to me exactly how any ICISD rules are relevant to any PVR Vs Ryan case ?
If you could only cut out the "Commercial Flow Rate" of lies/mis-information/pumping.
GLA,
DonalB
No wonder "donalb" you post so infrequently as your ability to do any proper research is obviously flawed.
If you had done your research before you "criticised" me by claiming "..when did you own declared $340 M claim become a $400 M claim" you would know that many figures have been bandied about regarding the possible financial claim Rockhopper are making against the Italian Government for compensation ranging from $340m to $400m.
Here are a few statements to support that, items you could have discovered yourself if you could have got out of bed and done some proper research rather than criticism.
Examples:
"Rockhopper is claiming up to US$350 million in damages".
"We’ve initiated arbitration proceedings to claim… at least all of the costs spent…
which is in the region of 40 to 50 million dollars, but ideally (also) the profits,
that we would have made had we been able to develop the field…
. The lost profits might easily add up to 200 or 300 million dollars."
"Worth noting that the $350m talked about previously is now $400m in relation to OM."
None of these are my comments and there are many more where the possible payment varies between $340m and $400m.
So an apology by you would not go amiss but given your infrequent posts I suppose we could expect one by Christmas at the earliest or are you too proud even to issue one.
Back to sleep, would be my suggestion.