Jayneen, could this thing if the case is lost turn against the...

First 6 Last

Share
Profile

Follow
SPARKOS

558 Posts.

50

03/05/21

19:54

Post #: 52906418
Share

Originally posted by jayneen: ↑

1) Litigation outcome does not threaten the Chinese current owners. The arbitration proceedings only have financial outcomes against the Congo government.

2) No. See1 above. The arbitration is about financial damages and does not injunct or affect project at all. I would note, however, that given the fact that the last ten years has seen zero progress on the ground it is highly likely the next ten years sees similar progress.

3) Yes and No. Congo will not give a toss about the litigation and will ignore it almost totally. The litigation will last much longer than the African politicians political (and probably actual) lifetime. However, if the litigation goes the whole way (highly unlikely) the outcome is binding through the World Bank.

4) Very little. There is almost no positive examples of this style of arbitration. As above Congo will not give a rat's derrier.

Most likely outcome is that in 5 or 10 years time the lawyers agree to settle and the Congo government pay $20m of which the lawyers and litigation funders take $19.5m.

This is now a side show.

Expand

Jayneen, could this thing if the case is lost turn against the SDL share holders and make them liable for the legal cost in any way?

SDL Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

WA8

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Jayneen, could this thing if the case is lost turn against the...

Top Stories

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Featured News