Agreed, though many here wont. A negotiated outcome is favorable to an outright negative one. However i cant see the BOD getting on board with that, theyre firmly going down the hardball / legal route - at least thats how it seems from outside. They could be leveraging towards an acceptable TO, but it doesnt appear to be the case. One factor that suggests to me they arent willing to entertain any negotiated outcome is one line from the recent joint JC/Cominiere submission which stated that Zijin had reached out this year prior to the April submission of that ICC case to call for a meeting to try and reach an amicable outcome, and the idea of a meeting was rejected by AVZ through its lawyers. One could think thats because they dont want to legitimize Zijin's position by sitting together at the table, but it did signal an unwillingness - at least at this point - to entertain any outcome other than a 75% (pre-CATH) holding and our purchase of Cominiere's 15%.
Unless they are playing a deeper strategic game, which is certainly possible, these actions point towards an all-or-nothing approach. Risky gamble given our opponent and our current cash position, and one predicated on a DRC willingness to let the resource sit idle whilst the sluggardly ICC does its thing. So lets hope its just all a leveraging tool.
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