Dave Evans
Regular
We literally just waited from April for our rescheduled hearing to occur after the last suspension. There wouldn't be an immediate ruling after the hearing in any case, so why not just let it ride? Surely that would apply more pressure to get a result. And even if they couldn't get a deal done and the ICSID award came first, this would provide a price guide to negotiate from, and give an impetus to the DRC to remove the stain hanging over their 'open for business' mantra.
Though it seems an encouraging signal, I'm going to be fuming if February rolls around again and we have to restart the ICSID Proceedings without any headway towards a resolution, and have to wait again for another rescheduled hearing after wasting more time.
But hopefully this means that our management believe we are nearly across the line.
This is exactly it... its in our detractors interests to stall and kick the can down the road to bleed our legal funding dry. Why is our own management doing it now over going full steam on litigation resolution. Thats what needs answering at AGM.
... that said one week out from AGM and suspending ICSID, is it even remotely possible Christmas might come early?
I have to say that for a long time I thought you both flip flopped on your comments and I couldn’t understand why you wouldn’t just stick to supporting Nigel and the BOD. It’s a shame toilet isn’t here anymore because he would have loved to agree with you both and join in.
Anyway, I have to admit I agree with you both now. Obviously this decision by Nigel and the BOD was done on a whim with no rationale, thought process or confidential agreements in place.
In fact we can only assume that this latest debacle is the result of some very bad advice by DLA Piper.
It’s an absolute outrage, complete madness and I think we should all send our concerns to Messrs Carrick and Cong as well as to ASIC because I’m sure they are the answer to our prayers. Those of us truly God fearing shareholders that pray that is
Now where’s my flip flops?