RE: Arbitration date16 Dec 2024 12:30
From RNS dated 24 Sept it stated
The Company has instructed its attorneys to commence arbitration proceedings with immediate effect. Arbitration will take place in Windhoek, Namibia, with an expedited timescale for conclusion of 60 business days from the initiation of arbitration proceedings.
However
From RNS dated 13 December it states
Post-Year End: In September 2024, Kazera initiated legal proceedings to enforce the Aftan Sale Agreement, with outstanding payments due from Hebei Xinjian of approximately US$9.5 million (£7.5 million) comprising the unpaid capital, outstanding shareholders' loans, and accrued interest.
· Arbitration proceedings expected to commence in Namibia in November 2024, and Kazera remains confident of a favourable outcome, especially following the recent granting of a lithium mining licence which enhances Aftan's value.
So does that mean it’s 60 business days from when it commenced? Ie commencement date Nov 24?
Happy for someone to correct me here.
FB