They don’t have to take the responsibility and we are happy with win win situation however we cannot let TAFTA go without securing our future. If they want us to drop TAFTA then we do need 100-200m cash to put a side for future legal disputes (that bit..ch still sniffing around our mine) as Zurich won’t give us cover anymore.
best case for us
1. TAFTA stays and we will cash it out if they delay any approval more than 6months (including IPO).
2. Give us fat cash which will keep in our side pocket for them and anything goes wrong then we go straight to Singapore.
3. Royalties discount and agreement reached to suspend TAFTA until further notice. Best deal for both parties and Zurich gets negotiated amount back or nothing. We enjoy our extra cash each qtr.
Ann: Green Light for Plant 1 at the Chatree Gold Mine, page-68
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