What I don't get is that if Morilla SA is still a going concern which has not been declared bankrupt, and we soon will be offloading it to a government company who will own it outright; how is it not going to be on them to pay for everything??
But even if the new owners aren't on the hook (they totally should/would be in any legal sense I know of)
Having had a legit 3rd party bidder for Morilla SA almost 18. months ago (at the price of $1)....how are we not simply able to counter-sue the Junta for restraint of trade in preventing that sale and elongating our potential legal vulnerability (such as it exists at all - which the company continues to be confident does not exist).
Or alternatively we did put surely $50 mill into plant refurb directly - should we have simply sold the plant for $50 mill for someone to deconstruct and put up on their new project in Guinea or Burkina Faso. Doing so would have cost I guesstiate $30 mill to relocate, thus $80 mill total, saving that company $400-$500 million in capex at a minimum. So surely a price of $50 mill was achievable for the plant. Is it a case here of no good deed going unpunished in that we tried to keep Morilla afloat for the benefit of the locals and the Gov who are now shafting us for doing so?
What a fecking nightmare.
Anyway first thing is first, offload this dog on the terms Mali have insisted upon....thus giving us multiple avenues of legal argrument in the unlikely event the arbitration process agree we are in fact liable despite all legal advice to date.
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