RE: Thoughts ?23 Sep 2023 16:50
Thanks Prof , Sebo & Shear for feedback . All makes sense . Shear your take is kinda where I was coming from , the Indians are nobody’s fools and an offer now we’ve got serious could be on the table from the GOR.
“ believe India did this because the rise in the price of gold made the effective expropriation of assets like Bhukia a necessary evil - if it contains 20Moz then compensation of $1-2b makes sense, especially if they believe the price is gold is heading to $5k/oz over the next couple of decades!
The final point would be that they may think it likely that PAT will accept a settlement offer of say 40% of a $1-2b award. If that turns out to be the case then their decision will have made sense.”
The case on Wednesday could be a strong indicator .