One hell of a thread, one hell of a good read.
Ruane gambled and lost, that much seems agreed. The Martu have the upper hand in negotiating any possible deal, that also is agreed. Going the legal route is necessary though not fruitful (and may lead to ruin) that seems agreed.
Whilst the Martu may have been offered a good deal first up the fact they knocked it back which led to where we are today with a Federal court precedent may not be entirely unforseen.
One comment by Meerkat got me to thinking, nobody on HC has a clue about what the Martu want, or what their belligerent "australias first indigenous investment banker" negotiator wants/wanted for that matter.
My guess on what they want (he wanted) are..
From this thread I learn the Martu don't need LD, I assume they have royalty streams, in any event they're potential welfare recipients like all australians. Not meant as an insult as its not about money its about community, they want jobs they want to be part of Australian society, they want ownership.
The "national interest" implications push this into another league of political significance, I suggest the Martus' negotiator saw this day.
The other, competing, national interest argument of the deposit itself may require more drilling to prove up (please correct me if I'm wrong) but it ensures that it will have the attention of governments for as long as the Martu retain their right of Veto, which as I see it is in perpetuity.
I say give it to 'em FREEHOLD, whatever stake they want, but historically we tried that and they soon spent themselves back to square one, so theres more delay while they discover/get advised on how to be investors rather than passive shareholders who get diluted to oblivion.
Lake Disappointment... from high school social studies.... so named as it was expected to contain water when the explorers arrived.
Sooner rather than later........ a piece of string.
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