RIM rimfire pacific mining limited

I then asked basis precedent and available public information,...

  1. 352 Posts.
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    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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