It literally does say what Oldfolk stated.
"A sharing arrangement between Kingsgate and it's insurers for future distributions OF TAFTA claim PROCEEDS" (3)
Then read the subtext under point 3.
Why did did the PRi claim go to court? They had increased the coverage from $30m to $200m and Zurich did not want to pay. What? An insurer trying to get out of paying?? Heavens. It wasn't about the claim, it was about how much.
Ross said specifically, the ASSET is the court case (TAFTA)
Zurich is a partner in the TAFTA claim as opposed to a cash payout and they take over the mine..which they couldn't under the FTA.
stop scare mongering.
Ann: Sydney Mining Club Presentation, page-136
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