I KNEW IT - THINGS ARE PROGRESSING
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Spot on ejt7777
Hi PK73
That's true, however I think that if they are talking and as a result the court hearing is postponed plus the lock-in of LCM - then that would warrant an RNS but I could be wrong. Everything crossed for them talking
I think they are talking and the court hearing will be postponed to another date next month - which means we will probably get another RNS to this effect and the confirmation of the LCM agreement locked-in.
To me , it's a win win situation for us. If you believe in Fascans based on what MB has put out on interviews, it's a win. The court adjournment requested by PAT clearly indicated that the most important priority was to lock in the Fascans Agreement. This forces the Rajasthan Govt towards an amicable resolution. And, if they come forward, the Fascans Agreement kind of falls away - but they get their fee based on revised doc.
I believe the funding has been locked-in but and I am hoping that there is some sort of discussion with the Rajasthan govt taken place prior to the court hearing. If so, then its game on and the hearing will be pushed back.
In the case of compensation, based on 7.5 million ounces in the ground from a very small area where the drilling was carried out and near surface gold, at £100/ounce in the ground value will get you a potential $750M compensation or near enough £5/share.
Mark mentioned in the video interview that we could add a couple of zeros to our market cap if we get the agreement we want.
Mark has also mentioned that in the event we go to international tribunal and are awarded compensation, in line with the Clause in the Bilateral Treaty between Australia and India, this will be the market value of asset.
The shares were sold some days ago, the threshold was crossed on 26th July as per the RNS
It's not a negative thing as the other co sold some shares since it did not want a dilution for its shareholders
They only sold 3% to use the funds to grow their company as opposed to doing a placing there I believe
Sorry, "came before arbitration"
I think the funding document was being changed to include a fee for Faskens if the agreement with the Rajasthan Govt came earlier than the arbitration
I think that the LCM agreement is already sealed and this fact the Rajasthan govt knows.
There is surely a link on this new LCM date, the day after the court hearing. So, PAT must have given the Rajasthan govt the ultimatum notice by now.
Absolutely
I have invested for the New license in Cote d'Ivoire and will keep on investing more here
Stampee1, thanks
I just got up in the middle of the night as that reference to an 'article' got me excited. What article is this please?