Member Info for Smoggy4

While an out of court settlement is unlikely, I do wonder about a scenario in which, following our resubmitted claim based on recent sky-high gold prices, India panics over a fear of prices crashing back to what they were this time last year (or even earlier), and so decides that settling now and starting the extraction while prices are high outweighs the current plan of contesting all the way and then only commencing extraction at a point when prices may have plummeted - they end up with the worst of both worlds then. Admittedly this is a long shot given the current political climate.

I'm getting a word...."broad?" no...that's not it..."flawed?"...no, that's not quite it either...

The company's comms has been shocking since delisting.

they are sitting on intellectual property which is (supposedly) worth s*****illions. even if sold at a discount, this should cover what are surely fairly limited liabilities.

Depends. Upon receiving the evidence against it, the Indian Government should be asking of its lawyers, "realistically, what chance do we have of winning this case?" If that chance is below a particular % then it is in their own interests to settle.

Yeah, I'm inclined to agree. Obviously everyone's circumstances are different, but for me the potential upside of trading at this point is outweighed by the massive downside of missing out on a sudden announcement.

Here you go: https://pca-cpa.org/en/cases/343/

Human nature innit. We all want tomorrow, today!

They may want to settle sooner rather than later - the state is relying on this mine for employment and income. Drawing a line under everything now might well be preferential to letting things drag on indefinitely.

This time next year Rodney...

There's an RNS Chris Kamara!! But who for?!?!

I feel like we could have done with some transfer deadline day rumours - "I've just seen Mark Bolton leaving a greasy spoon on the M1 heading towards London holding a big ring binder full of documents..."

Might be hanging on to the last minute to see whether a settlement with India can be reached

I'm getting a bet fed up of repeatedly hitting the refresh button every morning at 7am...

I wouldn't be unhappy with a £12 share price...

Based on a 750m claim. I think the territory we're into is double that

$4.2 bn...and we'll all be rich!!! 😀

Yup. Given the strength of the claim, I can imagine this finding a price closer to 10% rather than 5% post-SOC. And the claim itself...surely they're going on at more than $1 billion?

I've been wondering this myself, but I suspect it will be the latter. Wouldn't the disclosure requirements mean they'd have to?

"My last purchase before SoC"

I told myself that 3 times