RE: cherry burn24 Dec 2015 08:36
Rhodi - they will without doubt carry on the claim in the French national courts, it's the only possible way now. They can however only claim on a point of law and by the sounds of it that only point is the Uzbeks states 50% ownership of AGF and therefore 50% liability. I would forget Khandiza at all now. Even of that is then successful I wouldn't imagine a mega payout, more like restitution only. We have lost and lost big time. It'll be another couple of years now until it has been thrashed through the French courts, more dilution and more uncertainty. I imagine that this will open up at around half a penny if we're lucky and when I say lucky I mean if RS manages to sort our financial situation out or we may never trade again at all.