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PK, I am going to say 8th May - will be happy with $1B claim figure
Excellent find PK
Have not been following Greenx, but believe they are not a gold mining companyand also did not have a Jorc compliant estimate required for gold miners unlike PAT? 7.5m ounces
GLA
"Helium One (AIM: HE1), the PRIMARY HELIUM explorer in Tanzania"
PRIMARY HELIUM
Amazing RNS. Will top up max here.
GLA
Glad to have bought in here after doing research and will top up more for the new tax year ISA.
Against India
Https://investmentpolicy.unctad.org/investment-dispute-settlement/country/96/india
Obviously our case has not yet featured on this list. However, interesting to note that India has a total of 1332 cases, some of which have been settled
"Thus, the underwriting and due diligence process for a litigation funder may often include obtaining a damages expert’s opinion, in addition to legal experts who might be asked to address legal questions regarding the case.
In the Indo Gold example, Indo Gold’s parent company Panthera Resources PLC in its stock exchange announcement on 25 August 2023 described the underwriting and due diligence process as a “detailed examination, supported by advice from multiple legal, mining and valuation experts.” With a litigation funder involved, the chances of success of a claim can only improve by reason of this rigorous assessment by the funder".
PERFECT
https://www.businessnews.com.au/article/The-use-of-disputes-finance-in-international-mining-disputes
Shearclass
Absolutely spot on in your last post.
I forgot to add in my previous post that it's worth noting that some if their large mining companies want to do business in Australia too and its a total embarassment for India in the mining world.
They have had a reputation if ending up in international arbitration and would want to avoid that. I think they will bargain hard on any settlement but in the end PAT will have its way as, reputationally, this will indeed be very bad for India
1) So this I think suggests they are indeed at the round table
2) We are saying to them, we need fair compensation as per below - if they don't, we go to arbitration
3) Even if you take, for argument sake, a minimum compensation of £150m, this would be £1
GLA
"provisions were included in the Act to reimburse parties for expenditures incurred. Under the Treaty, IGPL is entitled to fair and equitable compensation, not merely reimbursement of expenditures.
The acts and omissions by Rajasthan and India, culminating in the enactment of MMDR2021 and the dismissal in September 2023 of MMI's writ petition, amount to breaches by India of its obligations under the Treaty, including but not limited to, Article 3 (Promotion and Protection of Investments), Article 4 (Treatment of Investments) and Article 7 (Expropriation and Nationalisation). IGPL will be seeking damages from India".
Icecool
Echo what you have said. I'm just waiting for the 6th April !!
Gallant
IF a raise is done, I reckon it will be announced when the share price has shot up to 50p!
I think the news might be next week.
GLA
Invested after doing research. Looks promising.
GLA
That are being messed up over there
https://globalarbitrationreview.com/article/billion-dollar-dispute-over-indian-gas-venture-headed-arbitration
Like the recognition
"for this novel approach to targeted cancer therapy."
RNS couldn't have been clearer. Will be loading up more here
GLA all long term holders
Expecting to hear soon