Greedy Croc, “RSK won’t be privy to size of the award”? So he...

Greedy Croc, “RSK won’t be privy to size of the award”? So he agreed to defer the award without knowing what he was deferring? And the Thai Government gave us back the mine without knowing how big the stick TAFTA was holding over their head was? And the Thai media who have been right on everything else just made the numbers up that have been widely and consistently reported (couple of articles attached)? Or is it more likely that both sides know the size of the award and it is beneficial to both sides to defer the award?

I’m also skeptical as to why you would only price in 50% of the award. As a CPA with 25 years’ experience, please direct me to the relevant IFRS standard(s) that advocates this valuation technique. Maybe some provision for exchange rate fluctuation or discount for timing if there isn’t a punitive interest clause to penalise slow or drawn out payment. Agree if there was some doubt around payment, but there isn’t - TAFTA has teeth, and you would think that the Thai Government have less arned their lesson following the Walter Bau debacle…(see below).

We can agree to disagree on the details. I appreciate your constructive arguments, commentary and perspective

https://amp.smh.com.au/world/asia/thai-prime-minister-under-fire-over-reopening-of-australian-gold-mine-20220207-p59ud5.html

https://www.bangkokpost.com/business/2266555/nothing-amiss-about-akara-mine-licence