I then asked basis precedent and available public information, what side would you choose:If I had to pick based on the public information and legal positioning:
Rimfire appears to have the stronger hand
Why?
They contracted for a clear termination right in the event of a change of control, and that event has occurred through a court judgment, not just Rimfire’s subjective declaration.
GPR had not yet earned any project interest, limiting its leverage to reimbursement claims rather than ownership clawback.
Rimfire has acted procedurally cautious—taking legal advice, offering to consolidate disputes, and maintaining public professionalism.
Risk Exposure?
The biggest risk is protracted legal costs or reputational drag, not necessarily losing the arbitration itself.
There is always a small risk the tribunal might side with GPR on equitable grounds (sunk costs, fairness) or find procedural faults in how Rimfire executed the termination.
Why Not GPR?
GPR is coming from a weakened position—a court has already ruled against its management for oppressive conduct.
It failed to complete earn-in milestones.
It risks looking like it’s trying to salvage a lost position via pressure tactics or public sentiment campaigns.
So, purely from a legal, reputational, and strategic risk perspective, I would rather be in Rimfire’s position—assuming they stay disciplined and avoid being baited into escalation outside formal channels.
So, isnt that interesting - "It risks looking like it’s trying to salvage a lost position via pressure tactics or public sentiment campaigns". Does that sounds familiar gents?
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I then asked basis precedent and available public information,...
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Last
1.9¢ |
Change
0.001(2.78%) |
Mkt cap ! $45.32M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.8¢ | $11.78K | 653.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 518862 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 165422 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 518862 | 0.018 |
6 | 1100777 | 0.017 |
1 | 308000 | 0.016 |
1 | 500000 | 0.015 |
1 | 500000 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 165422 | 1 |
0.020 | 750000 | 2 |
0.021 | 725902 | 4 |
0.022 | 1375000 | 2 |
0.023 | 48281 | 1 |
Last trade - 13.15pm 18/06/2025 (20 minute delay) ? |
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