Another delusional long-standing investor who obviously doesn't know what is going on. If GPR is paying $1.0 mill for its legal fees as you say, then how much is Rimfire paying. I would say more than that. Nothing in the March Report about legal fees paid or accrued by them. No disclosure about them at all. I wonder why? Hmmm.
I can see that $3.2 mill in the bank evaporating very quickly with legal fees. One can only speculate what will happen to Rimfire if the Arbitration decision goes against them. They will be paying out a big chunk of that $3.2 million in their own legal costs and covering the $1.0mill in costs orders in favour of GPR that you reckon it has spent in legal fees. Then what? If that happens the financial position would look pretty bleak for Rimfire.
Then again will GPR issue proceedings for damages? It is more than likely it would.
Food for thought eh!
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