Member Info for Gallmat

No idea. Just routine I expect. Lawyers, lcm and vsa are based here so they visit alot.

BTW, I sent some suggestions to vsa on the podcasts. Thx for prompt.

Hi Guys

Sadly I cannot fly at the moment as I am waiting for my new passport to arrive. Bad timing really

I knew he was heading to london

If we were close to settling we would not be spinning out our assets. Given the timeline for the committee is so close I personally discount this timeline.

My eyes are on the claim by EOY for upside while wanting to know the chance our claim does not make it to the trial.

Feeling positive in general, but planning for a longer haul

I still believe it will settle, but just not now.

GOI will get so much free money from the guys developing the deposit it will cost them nothing to buy us off

One think to note. If damages are measured say as of 2021. The accrued interest might be 6 years at 7% plus. So add on 50pct to initial claim value in 2021.

I cannot think any scenario where an award is below 500m usd. West african m and a for 1g, small projects is 60usd an oz.

This is a 2g, world class project and will be valuable.

An interesting thing use chat gpt the probability of finding a gold deposit with 1moz, 4moz and 8moz.

The thing we hold is rare

Awarding for lost profits however seems to be more for mines that are active rather than pre development.

No way for retail guy to know. It seems unfair you block someone developing an asset that is slam dunk profitable, and then because it is not developed you are not awarded the profits you could have made because the law says it is uncertain

3 months Togo and we find out

Enter this into chat gpt

Chorzów Factory case. Is this used in arbitration cases

Very interesting results. If full reparation is used then the claim could be large

The common idea is ex ante. You take in information at time of expropriation. This idea is ex post. You assume bhukia was never blocked, we built the mine, made profits etc.

This is deep into legal arguments which I am not qualified to think about but I know it is used

There has been no official comment on it, sometimes The Chorzów Factory case is used I believe.

Not sure bhukia is linked at all. You make a claim for compensation based upon time of expropriation which is in the past.

There is one type of claim that considers an ongoing business.

Keeping it real, probably only helps with spin out

Really hope the met tests are Good

No better time to spin out the assets!

It would be interesting to understand what dfr are planning. The new money is focused on the current resource area and increasing the grade.

Any chance they are trying to think smaller and cash in on the strong gold price.

Who knows

Nothing to see. 1 week closer to the end ( in every sense!!). Enjoy the weekend

Haha. This year.

The spin out just hinges on the metallurgical tests. Even after getting the kalaka assays back we will have this hurdle.

I am just setting end of year for everything to avoid disappointment

Agree HT. Getting a spin out done and limiting the dilution is they key short term goal.

If anything happens I think it is before statement of claim so there is no big stink.

The fact we recently issued NOA and are focused on spin outs makes me think we are in for a longer term battle.

Hope for the best and plan for the worst. Early settlement is not something I bank on.

Another glorious day of nothing much to think about :)

Hope you all have a good day not worrying about how the stock market is reacting to interest rates :)

Simon thompson

The post had typo

Just need to ignore this until Xmas. Then after that ignore for another year.

I wanted a stock that did not depend upon market variables...now I want the opposite :)