RE: Settlement?21 Feb 2022 12:33
OOL, going to take your post in good faith. As you will have seen, this board has been plagued by people with spurious questions and much repeated concerns over the last months.
However, i'll try and answer your questions and hope that they are not a thinly veiled attempt at creating more disruption.
1. I wouldnt describe it as a slam dunk. What has been given up are non core assets and equate to about 1% of the exploration area. I agree it seems strange to give them anything if their claims are spurious. However, i think we can assume that any deal put forward was worth the sacrifice so that we could move things forward with a major. Some faith required which isnt ideal, but lets be honest if all facts were know then the upside may not be as high.
2. Legal costs were said to be not a significant amount at the last shareholder update. Was a question posed by a shareholder and answers by NvS.
3. Could be at request from a potential JV partner. Would you want to partner with someone distracted by ongoing legals? But again we dont know for sure.
4. Cant answer this one.
5. Agree this doesnt look great with hindsight although expectation was a JV deal was imminent at the time. Does look a little opportunist.
6. We dont pay Rothschild until we do a deal. They are on a no win no fee kind of deal so no cost until the deal is done.
Hope this helps.
Please dont be a troll.