Ann: International Arbitration Update, page-14

this case involves a defence by Ghana that Cassius didn’t disclose the criminal/jail time history of two of their front men. The $275m means absolutely nothing, it’s the Greek way of negotiating - Cassius base this on potential they could have extracted, the way they quantify this will be heavily challenged. The big figure is to entice investment and funding on a whim that a two bit Aussie company will extract half a billion A$ from a poor African nation, is fanciful - don’t you think? If the hearing was in Europe, the best Cassius could achieve is the cost of capital works invested in infrastructure and the like, not what invisible Chinese moles allegedly dug out under the Cassius license area. As the hearing is in Ghana, no chance for early settlement offer as Ghana have pole position and all the time and money (from the Chinese) to stall proceedings. Why wouldn’t Ghana just buy up Cassius shares to hold voting majority as a hedge bet? The legal costs will add up to more than the total current cap value.