KCN 2.51% $1.56 kingsgate consolidated limited.

Ann: TAFTA Update, page-101

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  1. 10,839 Posts.
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    Well I think they've only got four and a half months to arrange any cash compensation plus other concessions such as royalty relief as I believe Kingsgate and Zurich went into the TAFTA fight as partners and it takes both to agree to seek a further extension beyond Jun30 and it would appear that Zurich want to start receiving payments on their US$55mil+accumulated interest receivable that only becomes possible once TAFTA expires and they realise that Kingsgate should be in a position by July to start making payments on the amount in question.
    I think Zurich has always held all the cards here after agreeing to Kingsgate's request to seek a agreement to restart the mine from the Thai Govt and not go for the TAFTA decision.
 
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