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They'll have protected themselves with something like 3,000,000 or 3% of the total award - whichever is higher, again we're guessing at the moment, what RS does need to be aware of is that accountability and transparency at every level is required - personally speaking, he will be held to account if any statements made to investors re merits of the case or assets held by the company are found to be misleading .
Take the £7,000,000 - left from case and invest in the Hoffman mine from 'gold rush' they seem to be doing ok now!! Lol!! ( sorry folks hysteria has set in)
It's a case of RS flogging a dead horse or alternatively there's been some sort of slip up on the arbitrators side. Pierre Tercier is head honcho, so if he has ballsed it up,this will reflect very badly on the process!!! The release put out was highly contradictory regarding the final decision! Basically saying you didn't up hold your end oxus but this wasn't helped by illegal/ illegitimate taxation!! Equivalent to having your window broken and then being allowed to keep the ball that broke it!! Lol
Surely it's in mr gibbons best interest to fund an appeal at last count he had millions of shares, not sure of his average but surly if we're talking 2-3 million to find an appeals it's better than two nights in 'bugger hall'
If the appeal does go ahead ,it's not start all over again by my understanding it's 6 months (not 6 years) at most ! If shares do reopen -will expect an obvious drop to sub1-1.5p, in theory nothing has really changed regarding claim and this could end up a reversal type decision based on yukos case, they won arbitration then lost/ stuck on appeal! Expect a 50% minimum loss in short term but confident if potential recovery towards appeal - if( big if) the appeal goes ahead!! The gamblers amongst us could easily Hoover up million plus shares as people sell in panic, they may end being worthless or fortune makers- but realistically all hypothetical and this is now looking 50/50 !! Question you may ask is why on earth RS would mention appeal and French courts if not at least considering!! No reason to say this in RNS!!!
Will depend largely on the grounds for dismissal, if this was because the panel had no legal authority to award in the first place then wording is key- this depends on the panel's jurisdiction, it maybe that the company had to have this decision first before going through the courts after!!
Ok, let's imagine that the decision to challenge goes ahead, purely because calunius decide the case is worth fighting - key questions: will trading ever recommence, as most would just cash in losing 50-80%, in favour of something! Will the French decision stand up in law? Was oxus ever going to win this battle given ( to my understanding ) a challenge after the event was possible- we were all led to believe the decision would be final and binding! What the would stop an Uzbek counter claim! I've written off losses here which aren't as big as some but still hurts! Hope nobody had life savings on this! So finally, the true test of RS was is -was this ever anticipated and a plan b considered, because he'd look pretty stupid to have not at least acknowledged the possibility of losing!! Think there maybe more to come here!!
Like everyone else I was confident of success, interesting to find out reasons why not and read the small print , who knows there maybe more to this than meets the eye and even a small degree of value to be had in assets / loan ect, if we could break even be happy. The only one small bit of blue sky in this dull picture is the challenge through the French courts - if oxus could do that what would have stopped the Uzbeks from doing the same.... In reality we could have had a billion dollar pay award and then another legal challenge!! Maybe there will be a small compensatory payment for all this now to go away and be settled. .. Let's cling to that straw!! Lol
Not many success stories on aim this year to end 25-40% up on what we virtually started is not a bad return lol!! Merry Xmas rather have no decision and a chance than a bad decision and two nights in that famous manor Fxxx Hall!!
Petty, I have a strange raised mole on back any chance you look at that too, you seem to be the modern day equivalent of the scotch guy in dad's army who kept declaring that we were all doomed!! Lol!! Relax mate, what will be, will be, personally ive been lowering my average lately as good time to buy!! Thought we'd know by now but still I'm very confident of a good , but not necessary earth shattering result!!! As always dyor and relax!!
If the Uzbeks get word of the fact they've lost -say to the tune of $500 million they'll offer to settle immediately at a discounted rate! Imho ! Why, they've not tried to buy oxs out wholesale before now is lost on me,they could make an offer that would put an end to this straight away! Think it can only be , part arrogance/part stubborn! Can only think this is because they think would fuel the many other cases that must bd waiting in the wings, watching this case!! In this part of the word strength is all about fear and perception !
Is one of good faith, if RS was acting on advice from lawyers, who were in turn being fed information by the panel then he has done nothing wrong at all!! Just remember the fundamentals remain the same. Most losing cases would be thrown out by now, to me, the time it's taking is indicative of the fact that this may very well be a landmark case! So sit back, risk what you can afford to lose , and then wait what could be a huge result , if not -just sell up and move on don't ***** about what you can't control !!!
Is working for the Uzbeks, but us on an almost single handed crusade to rewrite arbitration law regarding terms such as ' investment' , she's actually very well respected ( she fights the legal case irrespective if partisan views). However, this notion of her never losing is actually nonsense- she has!! She has been overruled before with 2:1 decision!
Up significantly - wonder if RNS leak has got out ??
News was on it's way hey oh wrong again!! Lol!! Mm are walking this down I think because they believe they no news is bad news, issues of faith in BoD do come into play!! But this is very much an artificial low, it's not been driven by selling only that Darwen aren't holding and slight % dilution !! Patience all fundamentals haven't changed but RS does now need to reveal the source of his imminent quote to regain credibility IMHO !
just an inkling folks but news in next 48 hours !!!
Walk shares down for many reasons / lack of volume means this is artificially being dropped for a reason - slight dilution and some of Darwin being sold doesn't warrant a drop - I actually see this as very positive, somebody is looking at increasing win margins!! IMHO I also ask myself why? Whenever I see a negative comment from a supposed holder all I hear is 'I'm trying to lower my average!!' Or shorting!
The transparent de ramping here, obviously those trying up get in low ... Or lower average - think that chance will pass today/ nothing fundamentally has changed and this has potential to 5-15x in my view!! Bounce will be quick and catch a few out!!
Exposing yourself then ....while you're at it stop misquoting statistics - most cases get thrown out within the first 18 months -not 5 years down the line...read Calunius and their success thresholds and imagine how many legal man hours they're putting in to a case - with all due respect think they're much smarter and you or I !!
Karimov's daughter is as dodgey as the regime itself , said st the time, I think this is an interesting side show to the real issue regarding the regime ! If the cases against the gov start flowing thick and fast she'll become the sacrificial lamb to be blamed for past misdemeanours that all have committed and her assets, rather than just the govs, used to settle cases IMHO !!