RE: Undervalued - PAT riport1 Mar 2025 16:48
It is difficult to talk about good business cooperation between Australia and India today, when the Australian company #PantheraResources $PAT, despite favorable verdicts of Indian courts, lost its world-class Bhukia gold project, which is why it has to seek justice in the Permanent Court of Arbitration in Hague. It cannot be that an Australian investor bears the costs of searching for a deposit, and when it turns out to be valuable, it is transferred through auctions to the highest bidder. Organizing high-level meetings of politicians is necessary, as is signing treaties, agreements, programs, or road maps to achieve goals. But this is just theory. At the end of the day, what counts is whether the rights of an investor of one contracting state are respected in the host state. And this was not the case with Panthera Resources. I think there is still time to right this wrong, and both India and Australian diplomacy still have a chance to get out of this whole misunderstanding with face. I would expect the Minister to be involved in fighting for the interests of Australian companies in India, especially those facing problems there. Why should bilateral conflicts be resolved on the other side of the world in The Hague, when they can be resolved in the Ministry or at the Embassy
A reply from Marcin to a post from Australian minister for foreign affairs & the Australian pm.
Worth a read.