Member Info for Professor1

Could not resist a top up 57214

GLA

Did he not go to south America?

Settlement talks could begin any time, even today, tomorrow.

I would not want to be out in case the bombshell RNS drops to lock us out. Its time to accumulate instead

GLA

Https://www.law360.com/articles/2341910/panthera-wants-1-5b-from-india-in-mining-project-fight

@cyberbub

you are spot on

Currently, the SP appears to be priced at what they would compensate under the Indian Law i.e the amount of expenditure we incurred PLUS the interest at an average rate of 7.6 % for the last 20 years. i.e. £50m. LESS LCM cost of say 25% of this i.e. 50M /142 M shares =20p less 25% = 15p

@LuckyLauri

One can let it go till the final outcome and then negotiate - BUT there will be a big cost in the form of interest on a daily basis to the Indian Govt the longer this drags on. If the award was say $1B and they continue dragging this for a year, the interest cost at the Indian rate of 8% will be $80 million.

It is in their best interests to come up with a very reasonable settlement OR risk going to the wire and potentially lose $500 M to $1B.

Sorry 'do not' in the typo

@Johnlewis

Welcome back.

I fo not agree that India are in the driving seat and play games like they did when when we were being played by their domestic dealings.

This is now International arbitration where it will be seen and heard loud and clear that the Rajasthan govt played this game for the last 20 years thinking PAT will shrink one day and not have the muscle to take on the Indian govt.

Anyone can see, even my dog, that they have expropriated the assets from under our feet. The International Tribunal will certainly see this. The risk to the Indian govt is potentially $1.58 B or if we go by past cases in worst case scenario $500M.

I know which way this case is heading.

GLA

@Fitzy66

Indeed.

I believe we won't get this sort of opportunity again.

GLA

The name of the game here, for me at least, is to accumulate every month. I believe this will reap reward in time to come. As I mentioned, huge rerate when the Indian govt responds.

This will happen when Indian government have to come with a counter offer and/or settlement. This is not long, they have respond, if not mistaken, in 2 months time.

The zip Indian gove now knows that there is a real possibility of them forking out possibly the maximum $1.5B or even if the award was $1B. Do they take this risk OR come up with a reasonable offer to settle this for once and for all say $750M. Any stupid offer from them is not going to be acceptable that they fully know so they would not want to risk us proceeding further.

Even if they initially announce an offer of say $500M, the market should catch up to that. Assuming the initial counter offer is $500M, we are looking at at least £2 per share.

GLA

Slowly creeping up. Bought loads more

Up we go now

Will slowly move back up. Just be patient

@Cyber

Ha ha, apologies, didn't realise the rate was 30%. That's even better. Well done everyone here for holding on.

@Caterham

Indeed, the claim would be some $2.10 B less taxes.

That's great, still a very very healthy figure

Good morning guys, is the rns out?

Already priced in. Expect sp going higher tomorrow