RE: I wonder how this will develop20 Dec 2022 23:25
It's all just a big question mark at the moment but I still hold onto certain prior experiences & knowns.....
@ Heidi when it comes to arbitration I recall being in Rurelec when Bolivia nationalised their energy .... Immediately tanked their SP having invested tens of millions there... went to intl arbitration after several years they were awarded $52M in a Dutch court & eventually settled on $32M on a take it or leave it ultimatum from Bolivia ...the latter just about settled their debts at the time (numbers might not be exact but they're in the ballpark) so I don't for one minute expect that to end well if it goes that way in Mexico - so let's hope not...
Both the JV areas are held by Mexican holding co's (Mexilit & Megalit) split 70/30 between Bacanora (a Canadian co) wholly owned by Ganfeng & KDNC.... how might, could or may that impact any discussions/outcomes .... again who knows a lot, a little or nothing ...
Hopefully we'll know in a few weeks/month or so. .... Fingers crossed we've sold our 30% of the JV's in a competitive bidding process between US/MX/CA mining/battery/car co's .... but I'm not holding my breath on that either...... until something's announced its all pie in the sky guessing, conjecture, doom & gloom or hope.