RE: Completion of private placement1 Nov 2024 23:11
‘ Rockhopper has received €19 million of the €45 million Tranche 1 payment. As previously disclosed, Rockhopper entered into a litigation funding agreement in 2017 under which all costs relating to the Arbitration from commencement to the rendering of the Award were paid on its behalf by a separate specialist arbitration funder (the "Original Arbitration Funder").’
It’s taken seven yrs to get to Tranche 1, so we are looking at 2031 if on a similar timescale.
It’s beyond farcical and the fantasy plays of S Sudan, Kazakhstan, Yemen and Benin just seem insanity on reflection.
Nothing happening in USA either where we should have been instead of the above fantasy plays!
I’m beyond bewildered.