Carlos Danger
Top 20
All ICC outcomes resolved in our favour would mean we get to enforce our FROR on the 15% from Cominiere. We then sell 24% to CATH. We need their funds to comply with the mining code. Or we could sell some or all of it to someone else but unlikely imoInteresting. So with the south 66% do you think that would be just by selling the 9% to CATL and then potentially having Zijin in the south aswell stealing the 15% remaining from Comineire?
Or do you think we would get that remaining 15% for the south and then sell the 24% to CATL?
I think it would be a bigger win for us if we get to take the 15% from Comineire for the south and only flick 9% to CATL as previously mentioned so that we have a larger holding in the South (Zijin are okay with just having part of the North. Why wouldn't you when you can get it for fuck all hey...)
Nigels offhand comments from the AGM were something along the lines of 60/40 for the north, however when the Gov realised they need to pay the CAPEX we could end up with 70% for the north, which i guess would leave 20% to Zijin then.....
CATL gets to have a % ownership in the south and then to have the offtake agreement for the Northern area but no Ownership stake in that.
Whatever the fuck happens, it better be one of the first things on the toothless tigers list in January to sit down and negotiate. Zijin/DRC's hands will soon be tied hopefully by ICSID. Time to progress like you say.
If management can negotiate us still having majority of the north with Zijin in minority I would be ecstatic but I doubt it
It's complete madness that this has been allowed to drift on so long. I'd honestly rather just get rat fucked and know that going the distance at arbitration is the only possible outcome rather than this indecisive bullshit.