RE: Aftan27 Nov 2025 10:51
Hi 99 - I don't see why a deal/sale couldn't proceed. As far as we know, the ownership of the mine isn't being contested, only the arbitor's ruling on payment. So the mine could be sold, for example, and the court case about the money would continue independently. But then again, we don't know what Hebei is asking the court to do. In any case, I think Dennis is absolutely correct in his approach: don't throw too much good money after bad, but use the funds we have to yield a more certain and, in the longer-term, more profitable return. If we win the case and get our money, great. But if we lose, we've already got a reasonable amount out of the purchase (the selling price was unrealistically high) and the company have better things to do. So let it be water under the bridge and devote company time and resources to activities with a profitable future. Say what you like about Dennis, but the man is a solid, sensible businessman, someone this company has desperately needed for its entire history.