RE: It’s coming15 Jan 2025 10:05
Yep, Bell told us it's coming, 4 weeks ago he said:
“Some 30 months after the conclusion of the arbitration hearings, we are pushing for release of the award. A number of delaying tactics were earlier used to obstruct us, but we have worked to preserve the integrity of the process and keep it on track and it now appears that we are in a position to conclude and opposition and obstruction have visibly melted away. At the same time, we have engaged in indirect discussion with the former local partner and in the last days have reached an understanding on acceptance of the terms of settlement.
We therefore expect a successful conclusion in the near future to our current arbitration, with early payment of any award. The implications however go far beyond these initial victories, and we look forward to a successful future in the DRC and with other ongoing matters.
Should we succeed, we will have put down a marker locally that we are prepared to work in good faith with the DRC authorities and to spend a long time over an extended period, acting always with patience and goodwill, in order to protect our legitimate interests.
We will, in terms of our contacts and possibilities, have used this period to enhance our reputation and position to a point where many opportunities will open up.
Understandably, shareholders have found this a frustrating time, not least because some of the detail of any discussions and difficulties have not been possible to share without compromising the result.”
Bring it on!
ps imo the risk v reward from here is excellent particularly given recent developments, possibly a once in a lifetime opportunity. Fingers very crossed!
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